iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Sees Large Volume Increase – Here’s What Happened

Shares of iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) saw an uptick in trading volume on Wednesday . 576,289 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 452,906 shares.The stock last traded at $41.41 and had previously closed at $41.37.

iShares MSCI Saudi Arabia ETF Price Performance

The firm’s 50 day moving average is $41.45 and its 200 day moving average is $41.56. The company has a market capitalization of $684.82 million, a PE ratio of 17.99 and a beta of 0.56.

Hedge Funds Weigh In On iShares MSCI Saudi Arabia ETF

Hedge funds have recently modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of iShares MSCI Saudi Arabia ETF during the third quarter worth about $201,000. Fairtree Asset Management Pty Ltd bought a new stake in shares of iShares MSCI Saudi Arabia ETF in the 4th quarter worth approximately $204,000. Custom Index Systems LLC bought a new stake in shares of iShares MSCI Saudi Arabia ETF in the 4th quarter worth approximately $276,000. Denali Advisors LLC increased its stake in shares of iShares MSCI Saudi Arabia ETF by 3.4% during the fourth quarter. Denali Advisors LLC now owns 9,000 shares of the company’s stock valued at $368,000 after buying an additional 300 shares during the period. Finally, Man Group plc raised its holdings in shares of iShares MSCI Saudi Arabia ETF by 47.5% during the fourth quarter. Man Group plc now owns 9,000 shares of the company’s stock valued at $368,000 after acquiring an additional 2,900 shares in the last quarter.

iShares MSCI Saudi Arabia ETF Company Profile

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.