Global X MSCI Vietnam ETF (NYSEARCA:VNAM) Sees Large Decrease in Short Interest
by Teresa Graham · The Cerbat GemGlobal X MSCI Vietnam ETF (NYSEARCA:VNAM – Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 10,862 shares, a drop of 63.1% from the March 15th total of 29,430 shares. Based on an average daily volume of 12,378 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.8% of the shares of the company are short sold.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new stake in Global X MSCI Vietnam ETF during the 4th quarter worth about $29,000. ES4 LLC acquired a new stake in Global X MSCI Vietnam ETF during the 4th quarter worth about $834,000. Osaic Holdings Inc. boosted its position in Global X MSCI Vietnam ETF by 7,400.0% during the 2nd quarter. Osaic Holdings Inc. now owns 7,500 shares of the company’s stock worth $131,000 after acquiring an additional 7,400 shares during the period. Jane Street Group LLC boosted its position in Global X MSCI Vietnam ETF by 35.2% during the 2nd quarter. Jane Street Group LLC now owns 36,512 shares of the company’s stock worth $640,000 after acquiring an additional 9,500 shares during the period. Finally, Meridian Wealth Management LLC acquired a new stake in Global X MSCI Vietnam ETF during the 4th quarter worth about $285,000.
Global X MSCI Vietnam ETF Stock Up 1.0%
NYSEARCA VNAM traded up $0.23 during trading hours on Tuesday, hitting $24.29. The company had a trading volume of 6,705 shares, compared to its average volume of 20,171. Global X MSCI Vietnam ETF has a fifty-two week low of $14.61 and a fifty-two week high of $26.05. The business has a fifty day simple moving average of $23.67 and a 200-day simple moving average of $23.88. The firm has a market cap of $33.52 million, a P/E ratio of 14.33 and a beta of 0.87.
Global X MSCI Vietnam ETF Company Profile
The Global X MSCI Vietnam ETF (VNAM) is an exchange-traded fund that is based on the MSCI Vietnam IMI Select 25\u002F50 index. The fund tracks a broad index of large- to small-cap equities from Vietnam, selected and weighted by their free-float market capitalization. VNAM was launched on Dec 7, 2021 and is managed by Global X.