MSCI Kokusai Equity ETF (NYSEARCA:KOKU) Shares Gap Down – Should You Sell?

MSCI Kokusai Equity ETF (NYSEARCA:KOKU)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $101.85, but opened at $99.09. MSCI Kokusai Equity ETF shares last traded at $99.30, with a volume of 209 shares.

MSCI Kokusai Equity ETF Stock Performance

The company has a fifty day moving average price of $103.15 and a two-hundred day moving average price of $101.77. The company has a market cap of $604.26 million, a P/E ratio of 23.60 and a beta of 1.01.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in MSCI Kokusai Equity ETF stock. Flow Traders U.S. LLC lifted its position in MSCI Kokusai Equity ETF (NYSEARCA:KOKU) by 25.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,942 shares of the company’s stock after buying an additional 800 shares during the quarter. Flow Traders U.S. LLC owned about 0.06% of MSCI Kokusai Equity ETF worth $397,000 as of its most recent SEC filing.

MSCI Kokusai Equity ETF Company Profile

The Xtrackers MSCI Kokusai Equity ETF (KOKU) is an exchange-traded fund that is based on the MSCI Kokusai (World ex Japan) index. The fund tracks a market cap-weighted index of large- and mid-cap developed market stocks outside of Japan. KOKU was launched on Apr 8, 2020 and is managed by Xtrackers.