MSCI Kokusai Equity ETF (NYSEARCA:KOKU) Sets New 1-Year High – Here’s What Happened

MSCI Kokusai Equity ETF (NYSEARCA:KOKU)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $106.31 and last traded at $106.21, with a volume of 1608 shares trading hands. The stock had previously closed at $106.31.

MSCI Kokusai Equity ETF Stock Performance

The stock’s 50 day simple moving average is $103.09 and its 200-day simple moving average is $101.07. The firm has a market cap of $648.48 million, a price-to-earnings ratio of 24.33 and a beta of 1.01.

Hedge Funds Weigh In On MSCI Kokusai Equity ETF

A hedge fund recently raised its stake in MSCI Kokusai Equity ETF stock. Flow Traders U.S. LLC lifted its position in MSCI Kokusai Equity ETF (NYSEARCA:KOKU) by 25.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,942 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Flow Traders U.S. LLC owned about 0.06% of MSCI Kokusai Equity ETF worth $397,000 as of its most recent SEC filing.

About MSCI Kokusai Equity ETF

The Xtrackers MSCI Kokusai Equity ETF (KOKU) is an exchange-traded fund that is based on the MSCI Kokusai (World ex Japan) index. The fund tracks a market cap-weighted index of large- and mid-cap developed market stocks outside of Japan. KOKU was launched on Apr 8, 2020 and is managed by Xtrackers.