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 large increase in short interest in the month of May. As of May 29th, there was short interest totaling 38,960 shares, an increase of 70.3% from the May 14th total of 22,871 shares. Based on an average daily trading volume, of 10,461 shares, the short-interest ratio is presently 3.7 days. Currently, 2.8% of the company’s shares are sold short.

Global X MSCI Vietnam ETF Trading Up 0.4%

VNAM traded up $0.11 during trading on Wednesday, reaching $24.84. 1,096 shares of the company’s stock were exchanged, compared to its average volume of 18,165. Global X MSCI Vietnam ETF has a one year low of $16.61 and a one year high of $27.45. The firm has a fifty day moving average price of $25.34 and a two-hundred day moving average price of $24.64. The stock has a market capitalization of $34.28 million, a PE ratio of 14.33 and a beta of 0.90.

Institutional Trading of Global X MSCI Vietnam ETF

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new stake in Global X MSCI Vietnam ETF in the fourth quarter valued at $29,000. Osaic Holdings Inc. grew its position 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 valued at $131,000 after buying an additional 7,400 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Global X MSCI Vietnam ETF in the 4th quarter valued at about $285,000. Jane Street Group LLC increased its stake in shares of Global X MSCI Vietnam ETF by 35.2% in the second quarter. Jane Street Group LLC now owns 36,512 shares of the company’s stock valued at $640,000 after buying an additional 9,500 shares during the period. Finally, ES4 LLC acquired a new stake in shares of Global X MSCI Vietnam ETF in the fourth quarter valued at about $834,000.

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.