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

Shares of MSCI Kokusai Equity ETF (NYSEARCA:KOKU) saw unusually-strong trading volume on Friday . Approximately 126 shares changed hands during mid-day trading, a decline of 30% from the previous session’s volume of 180 shares.The stock last traded at $103.55 and had previously closed at $101.29.

MSCI Kokusai Equity ETF Stock Performance

The stock has a market cap of $636.83 million, a price-to-earnings ratio of 22.56 and a beta of 0.96. The company has a 50-day simple moving average of $102.46 and a two-hundred day simple moving average of $99.47.

Institutional Investors Weigh In On MSCI Kokusai Equity ETF

An institutional investor recently raised its position in MSCI Kokusai Equity ETF stock. Flow Traders U.S. LLC raised its holdings in shares of MSCI Kokusai Equity ETF (NYSEARCA:KOKU) by 25.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,942 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Flow Traders U.S. LLC owned approximately 0.06% of MSCI Kokusai Equity ETF worth $397,000 at the end of the most recent reporting period.

About MSCI Kokusai Equity ETF

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.