Global X MSCI Vietnam ETF (NYSEARCA:VNAM) Sees Large Increase in Short Interest

Global X MSCI Vietnam ETF (NYSEARCA:VNAM) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 18,305 shares, an increase of 22.5% from the February 12th total of 14,944 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily trading volume, of 18,590 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 18,590 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in shares of Global X MSCI Vietnam ETF in the 4th quarter worth $29,000. Osaic Holdings Inc. raised its holdings 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 purchasing an additional 7,400 shares during the period. Meridian Wealth Management LLC acquired a new position in shares of Global X MSCI Vietnam ETF in the 4th quarter valued at about $285,000. Jane Street Group LLC grew its holdings in shares of Global X MSCI Vietnam ETF by 35.2% during the 2nd 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 during the period. Finally, ES4 LLC purchased a new stake in shares of Global X MSCI Vietnam ETF during the 4th quarter worth about $834,000.

Global X MSCI Vietnam ETF Stock Performance

Shares of VNAM opened at $23.16 on Wednesday. The company has a market capitalization of $31.03 million, a price-to-earnings ratio of 14.33 and a beta of 0.86. The company’s 50 day simple moving average is $24.67 and its 200 day simple moving average is $23.87. Global X MSCI Vietnam ETF has a 1 year low of $12.80 and a 1 year high of $26.05.

Global X MSCI Vietnam ETF Company Profile

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.