iShares India 50 ETF (NASDAQ:INDY) Sees Unusually-High Trading Volume – Here’s Why

iShares India 50 ETF (NASDAQ:INDY) saw unusually-strong trading volume on Friday . Approximately 120,191 shares traded hands during trading, an increase of 59% from the previous session’s volume of 75,812 shares.The stock last traded at $49.72 and had previously closed at $49.86.

iShares India 50 ETF Price Performance

The firm has a market capitalization of $890.59 million, a P/E ratio of 25.20 and a beta of 0.70. The stock’s 50-day simple moving average is $51.68 and its two-hundred day simple moving average is $53.47.

iShares India 50 ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.0801 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Investors Weigh In On iShares India 50 ETF

A number of hedge funds have recently made changes to their positions in INDY. MML Investors Services LLC increased its stake in iShares India 50 ETF by 5.0% in the 3rd quarter. MML Investors Services LLC now owns 30,299 shares of the company’s stock worth $1,706,000 after acquiring an additional 1,449 shares during the last quarter. Creative Planning raised its stake in iShares India 50 ETF by 8.5% during the third quarter. Creative Planning now owns 24,732 shares of the company’s stock valued at $1,392,000 after purchasing an additional 1,929 shares in the last quarter. Clarity Capital Partners LLC lifted its position in iShares India 50 ETF by 10.4% during the third quarter. Clarity Capital Partners LLC now owns 23,725 shares of the company’s stock valued at $1,336,000 after purchasing an additional 2,228 shares during the last quarter. Atom Investors LP grew its stake in shares of iShares India 50 ETF by 40.9% in the 3rd quarter. Atom Investors LP now owns 16,063 shares of the company’s stock worth $904,000 after buying an additional 4,665 shares in the last quarter. Finally, Clear Creek Financial Management LLC bought a new stake in shares of iShares India 50 ETF in the 4th quarter worth about $664,000.

About iShares India 50 ETF

iShares India 50 ETF, formerly iShares S&P India Nifty 50 Index Fund, seeks investment results that correspond generally to the price and yield performance of the S&P CNX Nifty Index (the Index). The Index measures the equity performance of the top 50 companies by market capitalization that trade in the Indian market.