VanEck India Growth Leaders ETF (NYSEARCA:GLIN) Trading Down 2.1% – Here’s What Happened

Shares of VanEck India Growth Leaders ETF (NYSEARCA:GLIN) were down 2.1% during mid-day trading on Tuesday . The company traded as low as $43.73 and last traded at $43.89. Approximately 5,509 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 99,860 shares. The stock had previously closed at $44.85.

VanEck India Growth Leaders ETF Stock Up 1.4%

The company has a market capitalization of $100.57 million, a PE ratio of 15.62 and a beta of 0.70. The firm has a 50-day moving average of $43.63 and a two-hundred day moving average of $45.18.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in VanEck India Growth Leaders ETF by 11.1% in the fourth quarter. Royal Bank of Canada now owns 3,865 shares of the company’s stock worth $178,000 after acquiring an additional 387 shares during the period. J. Safra Sarasin Holding AG purchased a new position in VanEck India Growth Leaders ETF in the first quarter worth approximately $264,000. Ascent Advisors LLC purchased a new position in VanEck India Growth Leaders ETF in the first quarter worth approximately $302,000. Susquehanna International Group LLP purchased a new position in VanEck India Growth Leaders ETF in the third quarter worth approximately $477,000. Finally, Osaic Holdings Inc. grew its position in VanEck India Growth Leaders ETF by 21.7% in the second quarter. Osaic Holdings Inc. now owns 12,304 shares of the company’s stock worth $577,000 after acquiring an additional 2,198 shares during the period.

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.