iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Sees Strong Trading Volume – Should You Buy?

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) shares saw unusually-strong trading volume on Monday . Approximately 448,635 shares changed hands during trading, an increase of 8% from the previous session’s volume of 413,996 shares.The stock last traded at $40.95 and had previously closed at $40.48.

iShares MSCI Saudi Arabia ETF Stock Performance

The stock has a market capitalization of $630.55 million, a price-to-earnings ratio of 18.02 and a beta of 0.56. The firm’s fifty day simple moving average is $41.60 and its 200 day simple moving average is $41.65.

Institutional Trading of iShares MSCI Saudi Arabia ETF

Several hedge funds have recently bought and sold shares of KSA. Y Intercept Hong Kong Ltd acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the third quarter valued at approximately $201,000. Caprock Group LLC raised its holdings in shares of iShares MSCI Saudi Arabia ETF by 8.5% in the third quarter. Caprock Group LLC now owns 5,582 shares of the company’s stock valued at $238,000 after purchasing an additional 439 shares during the last quarter. Custom Index Systems LLC acquired a new stake in shares of iShares MSCI Saudi Arabia ETF in the fourth quarter valued at approximately $276,000. Denali Advisors LLC raised its holdings in shares of 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 during the last quarter. Finally, Man Group plc raised its holdings in shares of iShares MSCI Saudi Arabia ETF by 47.5% in the fourth quarter. Man Group plc now owns 9,000 shares of the company’s stock valued at $368,000 after purchasing an additional 2,900 shares during the last quarter.

About iShares MSCI Saudi Arabia ETF

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.