Range India Financials ETF (NYSEARCA:INDF) Stock Price Down 17.5% – Here’s Why

Range India Financials ETF (NYSEARCA:INDF)’s stock price traded down 17.5% on Friday . The company traded as low as $31.00 and last traded at $31.1750. 45,387 shares traded hands during trading, an increase of 1,037% from the average session volume of 3,993 shares. The stock had previously closed at $37.81.

Range India Financials ETF Trading Down 17.5%

The firm has a market cap of $9.35 million, a price-to-earnings ratio of 19.06 and a beta of 0.71. The firm’s 50-day moving average is $31.17 and its 200-day moving average is $34.07.

Institutional Investors Weigh In On Range India Financials ETF

A hedge fund recently raised its stake in Range India Financials ETF stock. OLD Mission Capital LLC increased its holdings in Range India Financials ETF (NYSEARCA:INDF) by 26.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,743 shares of the company’s stock after acquiring an additional 1,598 shares during the period. OLD Mission Capital LLC owned about 2.82% of Range India Financials ETF worth $286,000 at the end of the most recent quarter.

Range India Financials ETF Company Profile

The Nifty India Financials ETF (INDF) is an exchange-traded fund that is based on the Nifty Financial Services 25\u002F50 index. The fund is passively managed to select the top 20 Indian financial services companies by market capitalization. INDF was launched on Oct 21, 2020 and is managed by Nifty.