iShares MSCI Indonesia ETF (NYSEARCA:EIDO) Trading Down 0.1% – What’s Next?

Shares of iShares MSCI Indonesia ETF (NYSEARCA:EIDO) were down 0.1% on Wednesday . The stock traded as low as $18.35 and last traded at $18.36. Approximately 990,931 shares were traded during mid-day trading, an increase of 113% from the average daily volume of 464,346 shares. The stock had previously closed at $18.38.

iShares MSCI Indonesia ETF Stock Performance

The stock has a market cap of $389.23 million, a P/E ratio of 10.08 and a beta of 0.55. The business has a 50 day simple moving average of $19.75 and a 200-day simple moving average of $20.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sun Life Financial Inc. increased its stake in shares of iShares MSCI Indonesia ETF by 204.6% during the 2nd quarter. Sun Life Financial Inc. now owns 776,800 shares of the company’s stock worth $14,969,000 after purchasing an additional 521,800 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in iShares MSCI Indonesia ETF during the third quarter valued at $4,017,000. JPMorgan Chase & Co. increased its position in iShares MSCI Indonesia ETF by 21.9% in the third quarter. JPMorgan Chase & Co. now owns 650,121 shares of the company’s stock worth $14,628,000 after buying an additional 116,597 shares during the last quarter. Flow Traders U.S. LLC raised its stake in shares of iShares MSCI Indonesia ETF by 317.7% in the third quarter. Flow Traders U.S. LLC now owns 118,002 shares of the company’s stock valued at $2,655,000 after buying an additional 89,754 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of iShares MSCI Indonesia ETF in the second quarter valued at $810,000.

iShares MSCI Indonesia ETF Company Profile

The iShares MSCI Indonesia ETF (EIDO) is an exchange-traded fund that is based on the MSCI Indonesia IMI 25-50 index, a market-cap-weighted index of large-, mid and small-cap Indonesian companies. EIDO was launched on May 5, 2010 and is managed by BlackRock.