VanEck Indonesia Index ETF (NYSEARCA:IDX) Stock Price Up 2.6% – Still a Buy?

VanEck Indonesia Index ETF (NYSEARCA:IDX)’s share price traded up 2.6% during mid-day trading on Thursday . The stock traded as high as $10.96 and last traded at $10.89. 20,726 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 88,819 shares. The stock had previously closed at $10.61.

VanEck Indonesia Index ETF Trading Up 2.6%

The stock has a 50-day simple moving average of $10.63 and a 200 day simple moving average of $13.19. The stock has a market capitalization of $35.39 million, a price-to-earnings ratio of 11.41 and a beta of 0.32.

Institutional Trading of VanEck Indonesia Index ETF

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in VanEck Indonesia Index ETF by 96.1% in the first quarter. Royal Bank of Canada now owns 3,963 shares of the company’s stock valued at $55,000 after purchasing an additional 1,942 shares in the last quarter. Stifel Financial Corp raised its position in VanEck Indonesia Index ETF by 2.4% during the fourth quarter. Stifel Financial Corp now owns 105,686 shares of the company’s stock valued at $1,745,000 after acquiring an additional 2,429 shares in the last quarter. Copia Wealth Management acquired a new stake in VanEck Indonesia Index ETF in the fourth quarter valued at approximately $72,000. Susquehanna International Group LLP acquired a new stake in VanEck Indonesia Index ETF in the third quarter valued at approximately $229,000. Finally, HRT Financial LP bought a new stake in VanEck Indonesia Index ETF in the fourth quarter worth approximately $389,000.

About VanEck Indonesia Index ETF

The Market Vectors Indonesia Index ETF (IDX) seeks, before fees and expenses, the price and yield performance of the Market Vectors Indonesia Index (the Index). The Index provides exposure to publicly traded companies that are domiciled and primarily listed in Indonesia, or that generate at least 50% of their revenues in Indonesia. The Index is the property of Market Vectors Index Solutions GmbH, which has contracted with Structured Solutions AG to maintain and calculate the Index.