MSCI Kokusai Equity ETF (NYSEARCA:KOKU) Shares Gap Down – Here’s Why

MSCI Kokusai Equity ETF (NYSEARCA:KOKU) gapped down prior to trading on Tuesday . The stock had previously closed at $101.85, but opened at $99.09. MSCI Kokusai Equity ETF shares last traded at $99.30, with a volume of 209 shares changing hands.

MSCI Kokusai Equity ETF Trading Up 0.3 %

The company’s 50 day moving average is $103.09 and its 200 day moving average is $101.75. The stock has a market capitalization of $605.70 million, a price-to-earnings ratio of 23.60 and a beta of 1.01.

Hedge Funds 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 MSCI Kokusai Equity ETF (NYSEARCA:KOKU) by 25.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,942 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Flow Traders U.S. LLC owned 0.06% of MSCI Kokusai Equity ETF worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

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.