Democracy International Fund (NYSEARCA:DMCY) Trading 0.6% Higher – Here’s Why

Democracy International Fund (NYSEARCA:DMCY)’s stock price shot up 0.6% on Friday . The company traded as high as $26.81 and last traded at $26.81. 636 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 1,711 shares. The stock had previously closed at $26.66.

Democracy International Fund Stock Up 0.6 %

The firm has a market cap of $8.04 million, a PE ratio of 13.91 and a beta of 0.84. The firm’s 50 day moving average is $26.65 and its 200-day moving average is $26.01.

Democracy International Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 27th were issued a $0.0687 dividend. The ex-dividend date of this dividend was Friday, September 27th.

Institutional Investors Weigh In On Democracy International Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in DMCY. Avalon Capital Management increased its position in shares of Democracy International Fund by 20.4% in the second quarter. Avalon Capital Management now owns 14,755 shares of the company’s stock worth $377,000 after acquiring an additional 2,500 shares in the last quarter. Sonoma Private Wealth LLC increased its holdings in Democracy International Fund by 6.7% in the 3rd quarter. Sonoma Private Wealth LLC now owns 16,659 shares of the company’s stock valued at $453,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its position in Democracy International Fund by 1.8% in the first quarter. Kingsview Wealth Management LLC now owns 38,566 shares of the company’s stock valued at $992,000 after purchasing an additional 681 shares during the period.

Democracy International Fund Company Profile

The Democracy International Fund (DMCY) is an exchange-traded fund that is based on the Democracy Investments International index. The fund tracks an index of global, large- and mid-cap companies outside the US. The index aims to overweight investments in democratic countries while underweighting those in authoritarian countries.