Short Interest in Global X MSCI Vietnam ETF (NYSEARCA:VNAM) Declines By 47.1%

Global X MSCI Vietnam ETF (NYSEARCA:VNAM) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 5,819 shares, a decrease of 47.1% from the July 30th total of 11,002 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 4,676 shares, the days-to-cover ratio is presently 1.2 days.

Global X MSCI Vietnam ETF Stock Up 0.2%

Global X MSCI Vietnam ETF stock traded up $0.05 during mid-day trading on Monday, hitting $24.88. The company had a trading volume of 2,354 shares, compared to its average volume of 15,455. Global X MSCI Vietnam ETF has a 1 year low of $21.50 and a 1 year high of $27.45. The business has a fifty day moving average of $24.14 and a 200 day moving average of $24.45. The stock has a market cap of $36.82 million, a price-to-earnings ratio of 14.33 and a beta of 0.90.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VNAM. ES4 LLC purchased a new stake in Global X MSCI Vietnam ETF in the fourth quarter valued at $834,000. Continuum Advisory LLC purchased a new position in shares of Global X MSCI Vietnam ETF during the second quarter worth about $48,000. Osaic Holdings Inc. grew its holdings in shares of 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 last quarter. Jane Street Group LLC increased its position in shares of Global X MSCI Vietnam ETF by 35.2% during the second 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 in the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Global X MSCI Vietnam ETF during the fourth quarter worth about $285,000.

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.