India Internet & Ecommerce ETF (NYSEARCA:INQQ) Trading Down 1.8% – Should You Sell?

Shares of India Internet & Ecommerce ETF (NYSEARCA:INQQ) traded down 1.8% during mid-day trading on Friday . The company traded as low as $14.13 and last traded at $14.15. 30,749 shares were traded during trading, a decline of 49% from the average session volume of 60,122 shares. The stock had previously closed at $14.41.

India Internet & Ecommerce ETF Trading Down 1.8 %

The business’s fifty day simple moving average is $15.34 and its 200-day simple moving average is $15.90. The firm has a market cap of $59.29 million, a P/E ratio of 36.73 and a beta of 0.69.

Institutional Investors Weigh In On India Internet & Ecommerce ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Beck Capital Management LLC bought a new position in shares of India Internet & Ecommerce ETF in the third quarter worth $214,000. ORG Partners LLC increased its holdings in shares of India Internet & Ecommerce ETF by 15.6% in the fourth quarter. ORG Partners LLC now owns 71,246 shares of the company’s stock worth $1,153,000 after purchasing an additional 9,599 shares during the period. Finally, Ameriprise Financial Inc. bought a new position in shares of India Internet & Ecommerce ETF in the fourth quarter worth $689,000.

India Internet & Ecommerce ETF Company Profile

The India Internet & Ecommerce ETF (INQQ) is an exchange-traded fund that is based on the INQQ The India Internet & Ecommerce index. The fund tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap. INQQ was launched on Apr 6, 2022 and is managed by India.