Vident International Equity Strategy ETF (NYSEARCA:VIDI) Trading Down 6.1% – Time to Sell?

Shares of Vident International Equity Strategy ETF (NYSEARCA:VIDI) were down 6.1% during trading on Friday . The stock traded as low as $24.06 and last traded at $24.14. Approximately 16,032 shares were traded during trading, a decline of 39% from the average daily volume of 26,373 shares. The stock had previously closed at $25.71.

Vident International Equity Strategy ETF Stock Performance

The company has a market cap of $308.99 million, a PE ratio of 10.13 and a beta of 0.94. The business’s 50-day moving average is $26.08 and its 200 day moving average is $25.96.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Vident International Equity Strategy ETF stock. Jones Financial Companies Lllp purchased a new position in Vident International Equity Strategy ETF (NYSEARCA:VIDI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,288 shares of the company’s stock, valued at approximately $206,000. Jones Financial Companies Lllp owned about 0.06% of Vident International Equity Strategy ETF as of its most recent SEC filing.

Vident International Equity Strategy ETF Company Profile

The Vident International Equity Fund (VIDI) is an exchange-traded fund that is based on the Vident Core International Equity index. The fund tracks an index of companies from both developed and emerging markets, ex-US. The fund selects and weights its constituents in a tiered structure based on various risk and fundamental measures.