VanEck India Growth Leaders ETF (NYSEARCA:GLIN) Sees Large Increase in Short Interest

VanEck India Growth Leaders ETF (NYSEARCA:GLIN) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,908 shares, an increase of 357.6% from the July 30th total of 417 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 4,913 shares, the days-to-cover ratio is presently 0.4 days.

VanEck India Growth Leaders ETF Stock Down 0.0%

Shares of GLIN stock traded down $0.01 during trading hours on Wednesday, hitting $46.43. 817 shares of the company’s stock traded hands, compared to its average volume of 59,109. The stock’s fifty day simple moving average is $45.70 and its two-hundred day simple moving average is $44.92. VanEck India Growth Leaders ETF has a 12-month low of $38.71 and a 12-month high of $47.94. The stock has a market cap of $96.57 million, a price-to-earnings ratio of 15.62 and a beta of 0.69.

Hedge Funds Weigh In On VanEck India Growth Leaders ETF

Several large investors have recently modified their holdings of GLIN. MML Investors Services LLC lifted its stake in shares of VanEck India Growth Leaders ETF by 2.8% in the fourth quarter. MML Investors Services LLC now owns 115,019 shares of the company’s stock worth $5,302,000 after buying an additional 3,168 shares in the last quarter. Jane Street Group LLC raised its holdings in VanEck India Growth Leaders ETF by 11.1% in the 4th quarter. Jane Street Group LLC now owns 50,024 shares of the company’s stock worth $2,306,000 after acquiring an additional 4,993 shares during the last quarter. LPL Financial LLC lifted its position in VanEck India Growth Leaders ETF by 2.7% in the 4th quarter. LPL Financial LLC now owns 109,908 shares of the company’s stock valued at $5,067,000 after acquiring an additional 2,914 shares in the last quarter. Osaic Holdings Inc. lifted its position in VanEck India Growth Leaders ETF by 21.7% in the 2nd quarter. Osaic Holdings Inc. now owns 12,304 shares of the company’s stock valued at $577,000 after acquiring an additional 2,198 shares in the last quarter. Finally, Kickstand Ventures LLC. boosted its stake in VanEck India Growth Leaders ETF by 6.9% during the 2nd quarter. Kickstand Ventures LLC. now owns 94,436 shares of the company’s stock valued at $4,391,000 after purchasing an additional 6,103 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.