Global X MSCI Vietnam ETF (NYSEARCA:VNAM) Short Interest Up 60.8% in March

Global X MSCI Vietnam ETF (NYSEARCA:VNAM) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 29,430 shares, an increase of 60.8% from the February 26th total of 18,305 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average trading volume of 26,059 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Global X MSCI Vietnam ETF

A number of large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in shares of 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 purchasing an additional 9,500 shares during the last quarter. ES4 LLC acquired a new stake in Global X MSCI Vietnam ETF in the 4th quarter valued at about $834,000. Meridian Wealth Management LLC bought a new position in Global X MSCI Vietnam ETF during the fourth quarter worth about $285,000. Osaic Holdings Inc. grew its holdings in Global X MSCI Vietnam ETF by 7,400.0% during the second quarter. Osaic Holdings Inc. now owns 7,500 shares of the company’s stock worth $131,000 after purchasing an additional 7,400 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in Global X MSCI Vietnam ETF during the fourth quarter worth approximately $29,000.

Global X MSCI Vietnam ETF Stock Performance

VNAM traded up $0.24 on Friday, hitting $22.06. 5,894 shares of the company were exchanged, compared to its average volume of 21,308. The stock’s fifty day moving average is $24.08 and its 200-day moving average is $23.82. Global X MSCI Vietnam ETF has a 12 month low of $12.80 and a 12 month high of $26.05. The company has a market cap of $29.56 million, a PE ratio of 14.33 and a beta of 0.86.

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.