iShares MSCI India Small-Cap ETF (BATS:SMIN) Sets New 1-Year High – Here’s Why

iShares MSCI India Small-Cap ETF (BATS:SMIN)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $72.45 and last traded at $64.22, with a volume of 201805 shares traded. The stock had previously closed at $71.69.

iShares MSCI India Small-Cap ETF Stock Down 9.6 %

The business’s 50-day simple moving average is $72.93 and its two-hundred day simple moving average is $79.64. The stock has a market cap of $777.92 million, a P/E ratio of 28.28 and a beta of 0.46.

Institutional Investors Weigh In On iShares MSCI India Small-Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SMIN. Quantinno Capital Management LP bought a new position in shares of iShares MSCI India Small-Cap ETF in the fourth quarter worth $960,000. Main Management ETF Advisors LLC boosted its stake in iShares MSCI India Small-Cap ETF by 0.6% in the 4th quarter. Main Management ETF Advisors LLC now owns 49,600 shares of the company’s stock worth $3,792,000 after purchasing an additional 300 shares during the period. Jane Street Group LLC grew its holdings in iShares MSCI India Small-Cap ETF by 197.5% during the 4th quarter. Jane Street Group LLC now owns 547,845 shares of the company’s stock valued at $41,883,000 after buying an additional 363,698 shares in the last quarter. GG Group Ventures LLC grew its holdings in iShares MSCI India Small-Cap ETF by 30.1% during the 4th quarter. GG Group Ventures LLC now owns 14,710 shares of the company’s stock valued at $1,125,000 after buying an additional 3,399 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of iShares MSCI India Small-Cap ETF during the fourth quarter valued at about $251,000.

About iShares MSCI India Small-Cap ETF

The iShares MSCI India Small-Cap ETF (SMIN) is an exchange-traded fund that is based on the MSCI India Small Cap index, a market-cap-weighted index of the bottom 14% of companies traded on Indian stock markets. SMIN was launched on Feb 8, 2012 and is managed by BlackRock.