VanEck Indonesia Index ETF (NYSEARCA:IDX) Trading Down 0.1% – Time to Sell?

VanEck Indonesia Index ETF (NYSEARCA:IDX) traded down 0.1% during mid-day trading on Monday . The company traded as low as $14.97 and last traded at $15.06. 13,334 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 15,758 shares. The stock had previously closed at $15.07.

VanEck Indonesia Index ETF Stock Down 0.3 %

The stock has a 50 day simple moving average of $15.46 and a 200 day simple moving average of $16.67. The company has a market capitalization of $25.33 million, a price-to-earnings ratio of 8.00 and a beta of 0.61.

Institutional Investors Weigh In On VanEck Indonesia Index ETF

A number of hedge funds have recently made changes to their positions in IDX. Primoris Wealth Advisors LLC acquired a new stake in shares of VanEck Indonesia Index ETF in the 3rd quarter worth approximately $1,669,000. Flow Traders U.S. LLC bought a new stake in VanEck Indonesia Index ETF in the third quarter worth about $1,026,000. Finally, Jane Street Group LLC grew its stake in shares of VanEck Indonesia Index ETF by 23.2% in the 3rd 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 during 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.