VanEck India Growth Leaders ETF (NYSEARCA:GLIN) Stock Price Down 2.2% – Should You Sell?

VanEck India Growth Leaders ETF (NYSEARCA:GLIN) shares fell 2.2% on Tuesday . The company traded as low as $45.01 and last traded at $45.01. Approximately 9,430 shares were traded during mid-day trading, a decline of 87% from the average session volume of 73,839 shares. The stock had previously closed at $46.01.

VanEck India Growth Leaders ETF Price Performance

The business’s 50 day simple moving average is $45.41 and its 200 day simple moving average is $45.01. The company has a market capitalization of $96.59 million, a price-to-earnings ratio of 15.62 and a beta of 0.69.

Institutional Trading of VanEck India Growth Leaders ETF

A number of hedge funds have recently added to or reduced their stakes in GLIN. Jane Street Group LLC grew its stake in shares of VanEck India Growth Leaders ETF by 332.9% in the 1st quarter. Jane Street Group LLC now owns 83,285 shares of the company’s stock valued at $3,570,000 after purchasing an additional 64,045 shares during the last quarter. Osaic Holdings Inc. raised its stake 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. Kickstand Ventures LLC. lifted its holdings in shares of VanEck India Growth Leaders ETF by 4.3% during the third quarter. Kickstand Ventures LLC. now owns 86,342 shares of the company’s stock worth $3,855,000 after purchasing an additional 3,547 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of VanEck India Growth Leaders ETF during the third quarter worth $477,000. Finally, Guild Investment Management Inc. grew its position in VanEck India Growth Leaders ETF by 1.6% in the 4th quarter. Guild Investment Management Inc. now owns 106,480 shares of the company’s stock valued at $4,909,000 after buying an additional 1,703 shares during the last quarter.

VanEck India Growth Leaders ETF Company Profile

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.