Democracy International Fund (NYSEARCA:DMCY) Shares Cross Below 200 Day Moving Average – Here’s Why

Democracy International Fund (NYSEARCA:DMCY)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.15 and traded as low as $25.52. Democracy International Fund shares last traded at $25.52, with a volume of 5 shares.

Democracy International Fund Trading Down 0.8 %

The company has a market cap of $7.66 million, a P/E ratio of 13.91 and a beta of 0.84. The business’s 50 day simple moving average is $26.39 and its 200 day simple moving average is $26.15.

Democracy International Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 27th were paid a dividend of $0.0687 per share. The ex-dividend date was Friday, September 27th.

Institutional Investors Weigh In On Democracy International Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avalon Capital Management grew its holdings in Democracy International Fund by 20.4% during the 2nd quarter. Avalon Capital Management now owns 14,755 shares of the company’s stock valued at $377,000 after buying an additional 2,500 shares in the last quarter. Sonoma Private Wealth LLC grew its holdings in Democracy International Fund by 6.7% during the 3rd quarter. Sonoma Private Wealth LLC now owns 16,659 shares of the company’s stock valued at $453,000 after buying an additional 1,045 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in Democracy International Fund by 16.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 49,239 shares of the company’s stock valued at $1,340,000 after buying an additional 7,093 shares in the last quarter.

Democracy International Fund Company Profile

The Democracy International Fund (DMCY) is an exchange-traded fund that is based on the Democracy Investments International index. The fund tracks an index of global, large- and mid-cap companies outside the US. The index aims to overweight investments in democratic countries while underweighting those in authoritarian countries.