iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Sees Strong Trading Volume – What’s Next?

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) shares saw unusually-high trading volume on Tuesday . Approximately 501,280 shares traded hands during mid-day trading, an increase of 11% from the previous session’s volume of 451,295 shares.The stock last traded at $40.28 and had previously closed at $40.49.

iShares MSCI Saudi Arabia ETF Stock Down 0.6 %

The firm has a market cap of $619.77 million, a PE ratio of 18.02 and a beta of 0.56. The business has a 50-day moving average price of $41.54 and a two-hundred day moving average price of $41.58.

Hedge Funds Weigh In On iShares MSCI Saudi Arabia ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd purchased a new position in iShares MSCI Saudi Arabia ETF in the third quarter valued at $201,000. Fairtree Asset Management Pty Ltd purchased a new position in shares of iShares MSCI Saudi Arabia ETF in the 4th quarter valued at about $204,000. Caprock Group LLC raised its position in shares of iShares MSCI Saudi Arabia ETF by 8.5% during the 3rd quarter. Caprock Group LLC now owns 5,582 shares of the company’s stock worth $238,000 after acquiring an additional 439 shares in the last quarter. Custom Index Systems LLC acquired a new position in iShares MSCI Saudi Arabia ETF in the fourth quarter valued at approximately $276,000. Finally, Denali Advisors LLC boosted its holdings in iShares MSCI Saudi Arabia ETF by 3.4% in the fourth quarter. Denali Advisors LLC now owns 9,000 shares of the company’s stock valued at $368,000 after purchasing an additional 300 shares in the last quarter.

iShares MSCI Saudi Arabia ETF Company Profile

The iShares MSCI Saudi Arabia ETF (KSA) is an exchange-traded fund that is based on the MSCI Saudi Arabia IMI 25-50 index, a market-cap-weighted index of Saudi Arabian firms covering 99% of the market cap spectrum. KSA was launched on Sep 16, 2015 and is managed by BlackRock.