Vident International Equity Strategy ETF (NYSEARCA:VIDI) Shares Up 0.9% – Should You Buy?

Vident International Equity Strategy ETF (NYSEARCA:VIDI) rose 0.9% on Tuesday . The company traded as high as $24.83 and last traded at $24.75. Approximately 25,560 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 71,495 shares. The stock had previously closed at $24.53.

Vident International Equity Strategy ETF Trading Up 0.9 %

The company’s 50 day simple moving average is $25.59 and its 200-day simple moving average is $25.66. The firm has a market cap of $368.78 million, a P/E ratio of 6.71 and a beta of 0.82.

Institutional Investors Weigh In On Vident International Equity Strategy ETF

A hedge fund recently raised its stake in Vident International Equity Strategy ETF stock. Flow Traders U.S. LLC lifted its stake in Vident International Equity Strategy ETF (NYSEARCA:VIDI) by 565.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,263 shares of the company’s stock after purchasing an additional 145,541 shares during the period. Flow Traders U.S. LLC owned 1.15% of Vident International Equity Strategy ETF worth $4,620,000 at the end of the most recent reporting period.

About Vident International Equity Strategy ETF

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.