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

Global X MSCI Vietnam ETF (NYSEARCA:VNAM) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 38,960 shares, a growth of 70.3% from the May 14th total of 22,871 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,461 shares, the days-to-cover ratio is presently 3.7 days.

Hedge Funds Weigh In On Global X MSCI Vietnam ETF

A number of large investors have recently modified their holdings of the stock. ES4 LLC acquired a new position in shares of Global X MSCI Vietnam ETF during the fourth quarter worth approximately $834,000. Meridian Wealth Management LLC acquired a new position in shares of Global X MSCI Vietnam ETF during the fourth quarter worth approximately $285,000. Farther Finance Advisors LLC acquired a new position in shares of Global X MSCI Vietnam ETF during the fourth quarter worth approximately $29,000. Osaic Holdings Inc. lifted its position 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 in the last quarter. Finally, Jane Street Group LLC lifted 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.

Global X MSCI Vietnam ETF Stock Performance

Global X MSCI Vietnam ETF stock traded up $0.42 during trading hours on Monday, hitting $24.68. 4,450 shares of the stock were exchanged, compared to its average volume of 18,430. The stock has a market capitalization of $34.06 million, a P/E ratio of 14.33 and a beta of 0.90. Global X MSCI Vietnam ETF has a 12 month low of $16.61 and a 12 month high of $27.45. The business’s 50-day moving average is $25.27 and its two-hundred day moving average is $24.62.

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.