iShares MSCI Indonesia ETF (NYSEARCA:EIDO) Shares Up 1.1% – Should You Buy?

iShares MSCI Indonesia ETF (NYSEARCA:EIDO) shares traded up 1.1% during trading on Monday . The company traded as high as $12.06 and last traded at $11.98. 1,975,930 shares were traded during trading, an increase of 75% from the average daily volume of 1,128,137 shares. The stock had previously closed at $11.85.

iShares MSCI Indonesia ETF Price Performance

The company has a market cap of $456.44 million, a PE ratio of 11.90 and a beta of 0.32. The company has a 50-day moving average price of $12.69 and a two-hundred day moving average price of $15.59.

Hedge Funds Weigh In On iShares MSCI Indonesia ETF

Several hedge funds and other institutional investors have recently bought and sold shares of EIDO. Jane Street Group LLC acquired a new stake in iShares MSCI Indonesia ETF in the first quarter valued at approximately $1,161,000. JPMorgan Chase & Co. boosted its stake in shares of iShares MSCI Indonesia ETF by 54.2% in the second quarter. JPMorgan Chase & Co. now owns 45,997 shares of the company’s stock valued at $811,000 after purchasing an additional 16,177 shares during the period. Cresset Asset Management LLC boosted its stake in shares of iShares MSCI Indonesia ETF by 2.4% in the second quarter. Cresset Asset Management LLC now owns 24,995 shares of the company’s stock valued at $441,000 after purchasing an additional 582 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of iShares MSCI Indonesia ETF in the second quarter valued at $439,000. Finally, Natixis grew its holdings in iShares MSCI Indonesia ETF by 51.5% during the 2nd quarter. Natixis now owns 69,763 shares of the company’s stock valued at $1,230,000 after purchasing an additional 23,720 shares in the last quarter.

About iShares MSCI Indonesia ETF

The iShares MSCI Indonesia ETF (EIDO) is an exchange-traded fund that is based on the MSCI Indonesia IMI 25-50 index, a market-cap-weighted index of large-, mid and small-cap Indonesian companies. EIDO was launched on May 5, 2010 and is managed by BlackRock.