India Internet & Ecommerce ETF (NYSEARCA:INQQ) Shares Up 1.3% – Should You Buy?

Shares of India Internet & Ecommerce ETF (NYSEARCA:INQQ) traded up 1.3% on Monday . The stock traded as high as $13.69 and last traded at $13.67. 13,764 shares were traded during trading, a decline of 55% from the average session volume of 30,679 shares. The stock had previously closed at $13.49.

India Internet & Ecommerce ETF Stock Up 1.3 %

The stock has a fifty day moving average price of $14.42 and a two-hundred day moving average price of $15.67. The company has a market cap of $57.28 million, a price-to-earnings ratio of 36.56 and a beta of 0.71.

Institutional Trading of India Internet & Ecommerce ETF

Several institutional investors and hedge funds have recently modified their holdings of INQQ. ORG Partners LLC boosted its holdings in shares of India Internet & Ecommerce ETF by 15.6% during the 4th quarter. ORG Partners LLC now owns 71,246 shares of the company’s stock valued at $1,153,000 after acquiring an additional 9,599 shares in the last quarter. Beck Capital Management LLC bought a new position in India Internet & Ecommerce ETF during the third quarter worth $214,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of India Internet & Ecommerce ETF in the 4th quarter valued at about $689,000.

About India Internet & Ecommerce ETF

The India Internet & Ecommerce ETF (INQQ) is an exchange-traded fund that is based on the INQQ The India Internet & Ecommerce index. The fund tracks an index of companies centered around the internet and e-commerce technology in India. Securities are selected and weighted by market-cap. INQQ was launched on Apr 6, 2022 and is managed by India.