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

iShares MSCI Saudi Arabia ETF (NYSEARCA:KSA) saw strong trading volume on Monday . 803,042 shares changed hands during mid-day trading, an increase of 74% from the previous session’s volume of 461,749 shares.The stock last traded at $37.66 and had previously closed at $36.50.

iShares MSCI Saudi Arabia ETF Stock Down 1.7%

The firm has a market cap of $657.42 million, a PE ratio of 18.08 and a beta of 0.46. The firm’s fifty day simple moving average is $39.42 and its two-hundred day simple moving average is $40.63.

Institutional Investors Weigh In On iShares MSCI Saudi Arabia ETF

A number of institutional investors and hedge funds have recently bought and sold shares of KSA. Geneos Wealth Management Inc. bought a new stake in iShares MSCI Saudi Arabia ETF in the 1st quarter valued at $41,000. Advisors Preferred LLC bought a new position in iShares MSCI Saudi Arabia ETF during the first quarter valued at approximately $60,000. CX Institutional purchased a new position in iShares MSCI Saudi Arabia ETF during the 1st quarter valued at approximately $114,000. National Bank of Canada FI bought a new stake in iShares MSCI Saudi Arabia ETF in the 1st quarter worth approximately $115,000. Finally, Fairtree Asset Management Pty Ltd purchased a new stake in shares of iShares MSCI Saudi Arabia ETF during the 4th quarter worth approximately $204,000.

About iShares MSCI Saudi Arabia ETF

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.