JAKOTA K-Pop and Korean Entertainment ETF (NYSEARCA:KPOP) Stock Price Up 1.2% – Here’s Why

JAKOTA K-Pop and Korean Entertainment ETF (NYSEARCA:KPOP)’s share price traded up 1.2% during mid-day trading on Wednesday . The stock traded as high as $14.00 and last traded at $13.99. 769 shares were traded during trading, an increase of 39% from the average session volume of 553 shares. The stock had previously closed at $13.83.

JAKOTA K-Pop and Korean Entertainment ETF Price Performance

The stock has a market capitalization of $1.38 million, a P/E ratio of 19.14 and a beta of 1.21. The stock’s 50-day simple moving average is $13.99 and its 200 day simple moving average is $13.47.

Institutional Trading of JAKOTA K-Pop and Korean Entertainment ETF

A hedge fund recently raised its stake in JAKOTA K-Pop and Korean Entertainment ETF stock. OLD Mission Capital LLC grew its stake in shares of JAKOTA K-Pop and Korean Entertainment ETF (NYSEARCA:KPOP) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,298 shares of the company’s stock after acquiring an additional 893 shares during the period. OLD Mission Capital LLC owned 7.23% of JAKOTA K-Pop and Korean Entertainment ETF worth $152,000 at the end of the most recent quarter.

JAKOTA K-Pop and Korean Entertainment ETF Company Profile

The KPOP and Korean Entertainment ETF (KPOP) is an exchange-traded fund that is based on the KPOP index. The fund tracks a market cap-weighted index of Korea-listed stocks that are engaged in the entertainment and interactive media & services industries. KPOP was launched on Aug 31, 2022 and is managed by KP Funds.