VanEck Indonesia Index ETF (NYSEARCA:IDX) Trading Down 0.5% – Should You Sell?

Shares of VanEck Indonesia Index ETF (NYSEARCA:IDX) traded down 0.5% on Tuesday . The company traded as low as $14.80 and last traded at $14.86. 9,808 shares were traded during mid-day trading, a decline of 77% from the average session volume of 42,939 shares. The stock had previously closed at $14.94.

VanEck Indonesia Index ETF Stock Performance

The stock’s fifty day moving average is $16.54 and its two-hundred day moving average is $16.83. The firm has a market cap of $25.26 million, a price-to-earnings ratio of 8.00 and a beta of 0.61.

Institutional Investors Weigh In On VanEck Indonesia Index ETF

Several large investors have recently made changes to their positions in IDX. Primoris Wealth Advisors LLC bought a new position in VanEck Indonesia Index ETF in the 3rd quarter worth approximately $1,669,000. Flow Traders U.S. LLC acquired a new position in VanEck Indonesia Index ETF during the 3rd quarter worth $1,026,000. Finally, Jane Street Group LLC grew its stake in shares of VanEck Indonesia Index ETF by 23.2% in the third quarter. Jane Street Group LLC now owns 35,923 shares of the company’s stock worth $652,000 after purchasing an additional 6,756 shares in the last quarter.

About VanEck Indonesia Index ETF

The Market Vectors Indonesia Index ETF (IDX) seeks, before fees and expenses, the price and yield performance of the Market Vectors Indonesia Index (the Index). The Index provides exposure to publicly traded companies that are domiciled and primarily listed in Indonesia, or that generate at least 50% of their revenues in Indonesia.