iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) Sees Unusually-High Trading Volume

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) saw strong trading volume on Tuesday . 677,407 shares changed hands during trading, an increase of 19% from the previous session’s volume of 570,162 shares.The stock last traded at $41.24 and had previously closed at $40.60.

iShares MSCI Saudi Arabia ETF Stock Up 1.4 %

The business’s 50-day simple moving average is $42.24 and its two-hundred day simple moving average is $42.79. The firm has a market capitalization of $769.69 million, a price-to-earnings ratio of 17.50 and a beta of 0.58.

Institutional Trading of iShares MSCI Saudi Arabia ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its position in shares of iShares MSCI Saudi Arabia ETF by 2.4% during the first quarter. Comerica Bank now owns 124,490 shares of the company’s stock worth $5,497,000 after buying an additional 2,900 shares during the period. Jane Street Group LLC grew its position in iShares MSCI Saudi Arabia ETF by 12,171.3% in the 1st quarter. Jane Street Group LLC now owns 583,625 shares of the company’s stock valued at $25,773,000 after acquiring an additional 578,869 shares in the last quarter. Natixis acquired a new stake in shares of iShares MSCI Saudi Arabia ETF during the first quarter worth about $4,556,000. Primoris Wealth Advisors LLC purchased a new position in shares of iShares MSCI Saudi Arabia ETF in the first quarter valued at approximately $773,000. Finally, Susquehanna International Group Ltd. boosted its stake in shares of iShares MSCI Saudi Arabia ETF by 74.0% in the first quarter. Susquehanna International Group Ltd. now owns 39,023 shares of the company’s stock valued at $1,723,000 after purchasing an additional 16,594 shares during the period.

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.