MSCI Kokusai Equity ETF (NYSEARCA:KOKU) Sees Unusually-High Trading Volume – Still a Buy?

MSCI Kokusai Equity ETF (NYSEARCA:KOKU) saw unusually-strong trading volume on Wednesday . Approximately 607 shares were traded during mid-day trading, a decline of 5% from the previous session’s volume of 640 shares.The stock last traded at $100.24 and had previously closed at $100.70.

MSCI Kokusai Equity ETF Stock Performance

The business has a 50 day simple moving average of $102.95 and a 200-day simple moving average of $101.79. The firm has a market capitalization of $613.65 million, a price-to-earnings ratio of 23.60 and a beta of 1.01.

Institutional Trading of MSCI Kokusai Equity ETF

An institutional investor recently raised its position in MSCI Kokusai Equity ETF stock. Flow Traders U.S. LLC boosted its stake in MSCI Kokusai Equity ETF (NYSEARCA:KOKU) by 25.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,942 shares of the company’s stock after buying an additional 800 shares during the period. Flow Traders U.S. LLC owned approximately 0.06% of MSCI Kokusai Equity ETF worth $397,000 at the end of the most recent quarter.

About MSCI Kokusai Equity ETF

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.