Vident International Equity Strategy ETF (NYSEARCA:VIDI) Stock Price Down 1.8% – Should You Sell?

Vident International Equity Strategy ETF (NYSEARCA:VIDI) dropped 1.8% on Tuesday . The company traded as low as $25.61 and last traded at $25.71. Approximately 9,715 shares traded hands during trading, a decline of 69% from the average daily volume of 31,239 shares. The stock had previously closed at $26.18.

Vident International Equity Strategy ETF Price Performance

The company has a market cap of $382.63 million, a PE ratio of 6.71 and a beta of 0.82. The business has a fifty day simple moving average of $26.22 and a two-hundred day simple moving average of $25.68.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Vident International Equity Strategy ETF stock. Flow Traders U.S. LLC raised its holdings in shares of Vident International Equity Strategy ETF (NYSEARCA:VIDI) by 565.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,263 shares of the company’s stock after buying an additional 145,541 shares during the quarter. Flow Traders U.S. LLC owned about 1.15% of Vident International Equity Strategy ETF worth $4,620,000 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.