MSCI Kokusai Equity ETF (NYSEARCA:KOKU) Sees Large Volume Increase – Still a Buy?

MSCI Kokusai Equity ETF (NYSEARCA:KOKU) saw unusually-high trading volume on Tuesday . Approximately 312 shares were traded during trading, an increase of 118% from the previous session’s volume of 143 shares.The stock last traded at $103.69 and had previously closed at $104.09.

MSCI Kokusai Equity ETF Stock Performance

The business has a 50-day simple moving average of $102.80 and a 200 day simple moving average of $100.26. The firm has a market cap of $637.85 million, a P/E ratio of 22.56 and a beta of 0.96.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MSCI Kokusai Equity ETF stock. Flow Traders U.S. LLC lifted its position in shares of MSCI Kokusai Equity ETF (NYSEARCA:KOKU) by 25.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,942 shares of the company’s stock after purchasing 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 filing with the Securities & Exchange Commission.

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.