MSCI Kokusai Equity ETF (NYSEARCA:KOKU) Sees Unusually-High Trading Volume – Here’s Why

MSCI Kokusai Equity ETF (NYSEARCA:KOKU) saw unusually-high trading volume on Wednesday . Approximately 607 shares traded hands during trading, a decline of 5% from the previous session’s volume of 640 shares.The stock last traded at $100.24 and had previously closed at $100.70.

MSCI Kokusai Equity ETF Stock Performance

The company has a market capitalization of $613.65 million, a price-to-earnings ratio of 23.60 and a beta of 1.01. The firm has a 50-day simple moving average of $102.95 and a two-hundred day simple moving average of $101.79.

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 lifted its stake in shares of MSCI Kokusai Equity ETF (NYSEARCA:KOKU) by 25.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,942 shares of the company’s stock after buying 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.

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.