Short Interest in Global X MSCI Vietnam ETF (NYSEARCA:VNAM) Declines By 73.1%

Global X MSCI Vietnam ETF (NYSEARCA:VNAM) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 20,400 shares, adropof73.1% from the July 15th total of 75,800 shares. Approximately2.3% of the company’s shares are sold short. Based on an average trading volume of 17,200 shares, the short-interest ratio is currently 1.2 days. Based on an average trading volume of 17,200 shares, the short-interest ratio is currently 1.2 days. Approximately2.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Global X MSCI Vietnam ETF

An institutional investor recently raised its position in Global X MSCI Vietnam ETF stock. OLD Mission Capital LLC grew its position in shares of Global X MSCI Vietnam ETF (NYSEARCA:VNAM) by 18.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,256 shares of the company’s stock after purchasing an additional 4,753 shares during the quarter. OLD Mission Capital LLC owned about 3.88% of Global X MSCI Vietnam ETF worth $485,000 as of its most recent SEC filing.

Global X MSCI Vietnam ETF Trading Down 0.4%

Shares of VNAM opened at $22.21 on Friday. The stock’s 50-day moving average price is $19.02 and its two-hundred day moving average price is $16.82. Global X MSCI Vietnam ETF has a 12 month low of $12.80 and a 12 month high of $22.33. The company has a market capitalization of $19.54 million, a PE ratio of 14.33 and a beta of 0.57.

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.