VanEck India Growth Leaders ETF (NYSEARCA:GLIN) Sees Significant Growth in Short Interest

VanEck India Growth Leaders ETF (NYSEARCA:GLIN) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,908 shares, a growth of 357.6% from the July 30th total of 417 shares. Based on an average daily trading volume, of 4,913 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. MML Investors Services LLC grew its stake in VanEck India Growth Leaders ETF by 2.8% in the fourth quarter. MML Investors Services LLC now owns 115,019 shares of the company’s stock worth $5,302,000 after purchasing an additional 3,168 shares during the period. Jane Street Group LLC boosted its holdings in shares of VanEck India Growth Leaders ETF by 11.1% during the 4th quarter. Jane Street Group LLC now owns 50,024 shares of the company’s stock valued at $2,306,000 after buying an additional 4,993 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of VanEck India Growth Leaders ETF by 2.7% during the 4th quarter. LPL Financial LLC now owns 109,908 shares of the company’s stock valued at $5,067,000 after buying an additional 2,914 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of VanEck India Growth Leaders ETF by 21.7% in the 2nd quarter. Osaic Holdings Inc. now owns 12,304 shares of the company’s stock worth $577,000 after buying an additional 2,198 shares during the period. Finally, Kickstand Ventures LLC. grew its position in shares of VanEck India Growth Leaders ETF by 6.9% in the 2nd quarter. Kickstand Ventures LLC. now owns 94,436 shares of the company’s stock worth $4,391,000 after buying an additional 6,103 shares during the period.

VanEck India Growth Leaders ETF Price Performance

GLIN traded down $0.01 on Wednesday, hitting $46.43. The company had a trading volume of 817 shares, compared to its average volume of 59,109. VanEck India Growth Leaders ETF has a 52-week low of $38.71 and a 52-week high of $47.94. The stock has a fifty day simple moving average of $45.70 and a 200-day simple moving average of $44.92. The firm has a market capitalization of $96.57 million, a P/E ratio of 15.62 and a beta of 0.69.

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.