Global X MSCI Vietnam ETF (NYSEARCA:VNAM) Short Interest Update

Global X MSCI Vietnam ETF (NYSEARCA:VNAM) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 38,960 shares, a growth of 70.3% from the May 14th total of 22,871 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily volume of 10,461 shares, the short-interest ratio is currently 3.7 days.

Hedge Funds Weigh In On Global X MSCI Vietnam ETF

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC purchased a new position in shares of Global X MSCI Vietnam ETF in the 4th quarter worth approximately $29,000. Osaic Holdings Inc. boosted its stake in shares of Global X MSCI Vietnam ETF by 7,400.0% in the 2nd quarter. Osaic Holdings Inc. now owns 7,500 shares of the company’s stock worth $131,000 after buying an additional 7,400 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Global X MSCI Vietnam ETF by 35.2% in the 2nd quarter. Jane Street Group LLC now owns 36,512 shares of the company’s stock worth $640,000 after buying an additional 9,500 shares during the last quarter. Meridian Wealth Management LLC purchased a new position in shares of Global X MSCI Vietnam ETF in the 4th quarter worth approximately $285,000. Finally, ES4 LLC purchased a new position in shares of Global X MSCI Vietnam ETF in the 4th quarter worth approximately $834,000.

Global X MSCI Vietnam ETF Stock Up 0.2%

VNAM stock traded up $0.05 during mid-day trading on Tuesday, reaching $24.73. 5,784 shares of the company traded hands, compared to its average volume of 18,318. The stock has a market cap of $34.13 million, a price-to-earnings ratio of 14.33 and a beta of 0.90. Global X MSCI Vietnam ETF has a fifty-two week low of $16.61 and a fifty-two week high of $27.45. The firm’s 50 day moving average price is $25.30 and its 200 day moving average price is $24.63.

About Global X MSCI Vietnam ETF

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.