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

MSCI Kokusai Equity ETF (NYSEARCA:KOKU) shares saw strong trading volume on Wednesday . 401 shares traded hands during mid-day trading, an increase of 32% from the previous session’s volume of 304 shares.The stock last traded at $98.86 and had previously closed at $98.63.

MSCI Kokusai Equity ETF Price Performance

The business’s 50-day moving average price is $103.11 and its 200-day moving average price is $101.77. The firm has a market capitalization of $605.51 million, a PE ratio of 23.60 and a beta of 1.01.

Hedge Funds Weigh In On MSCI Kokusai Equity ETF

A hedge fund recently raised its stake in MSCI Kokusai Equity ETF stock. Flow Traders U.S. LLC grew its holdings in 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 firm owned 3,942 shares of the company’s stock after buying an additional 800 shares during the quarter. Flow Traders U.S. LLC owned about 0.06% of MSCI Kokusai Equity ETF worth $397,000 at the end of the most recent quarter.

MSCI Kokusai Equity ETF Company Profile

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.