VanEck India Growth Leaders ETF (NYSEARCA:GLIN) Short Interest Down 49.4% in May

VanEck India Growth Leaders ETF (NYSEARCA:GLIN) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,434 shares, a decline of 49.4% from the May 14th total of 4,812 shares. Based on an average trading volume of 8,002 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

VanEck India Growth Leaders ETF Trading Up 1.5%

Shares of GLIN stock traded up $0.69 during mid-day trading on Friday, reaching $45.37. The stock had a trading volume of 14,506 shares, compared to its average volume of 82,154. The business’s fifty day moving average is $44.72 and its 200-day moving average is $44.94. The firm has a market cap of $100.72 million, a price-to-earnings ratio of 15.62 and a beta of 0.69. VanEck India Growth Leaders ETF has a 1-year low of $38.71 and a 1-year high of $48.39.

Hedge Funds Weigh In On VanEck India Growth Leaders ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in VanEck India Growth Leaders ETF by 11.1% during the 4th quarter. Royal Bank of Canada now owns 3,865 shares of the company’s stock worth $178,000 after buying an additional 387 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new stake in shares of VanEck India Growth Leaders ETF in the first quarter worth $264,000. Ascent Advisors LLC acquired a new stake in shares of VanEck India Growth Leaders ETF in the first quarter worth $302,000. Susquehanna International Group LLP purchased a new position in shares of VanEck India Growth Leaders ETF during the third quarter worth $477,000. Finally, Osaic Holdings Inc. raised its holdings in shares of VanEck India Growth Leaders ETF by 21.7% during the second quarter. Osaic Holdings Inc. now owns 12,304 shares of the company’s stock worth $577,000 after purchasing an additional 2,198 shares during the last quarter.

About VanEck India Growth Leaders ETF

The VanEck India Growth Leaders ETF (GLIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of growth companies in India. GLIN was launched on Aug 25, 2010 and is managed by VanEck.