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

Global X MSCI Vietnam ETF (NYSEARCA:VNAM) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 29,430 shares, a growth of 60.8% from the February 26th total of 18,305 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average daily trading volume, of 26,059 shares, the short-interest ratio is presently 1.1 days.

Global X MSCI Vietnam ETF Stock Performance

Shares of NYSEARCA VNAM traded up $0.24 during midday trading on Friday, reaching $22.06. The company’s stock had a trading volume of 5,894 shares, compared to its average volume of 21,308. The company has a market cap of $29.56 million, a P/E ratio of 14.33 and a beta of 0.86. The business’s 50 day moving average price is $24.08 and its two-hundred day moving average price is $23.82. Global X MSCI Vietnam ETF has a fifty-two week low of $12.80 and a fifty-two week high of $26.05.

Hedge Funds Weigh In On Global X MSCI Vietnam ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VNAM. Farther Finance Advisors LLC bought a new stake in shares of Global X MSCI Vietnam ETF during the 4th quarter valued at $29,000. Osaic Holdings Inc. grew its holdings in shares of Global X MSCI Vietnam ETF by 7,400.0% during 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 in the last quarter. Meridian Wealth Management LLC bought a new position in shares of Global X MSCI Vietnam ETF in the fourth quarter worth $285,000. Jane Street Group LLC raised its stake in 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 purchasing an additional 9,500 shares in the last quarter. Finally, ES4 LLC acquired a new position in Global X MSCI Vietnam ETF in the fourth quarter valued at about $834,000.

About Global X MSCI Vietnam ETF

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.