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

Global X MSCI Vietnam ETF (NYSEARCA:VNAM) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 25,833 shares, a growth of 185.4% from the April 15th total of 9,052 shares. Based on an average daily trading volume, of 17,716 shares, the short-interest ratio is presently 1.5 days. Approximately 1.9% of the shares of the company are sold short.

Global X MSCI Vietnam ETF Trading Down 2.5%

Shares of NYSEARCA VNAM traded down $0.67 during midday trading on Friday, reaching $26.31. 5,979 shares of the company were exchanged, compared to its average volume of 20,062. The stock has a market cap of $36.31 million, a P/E ratio of 14.33 and a beta of 0.92. Global X MSCI Vietnam ETF has a 1 year low of $16.11 and a 1 year high of $26.99. The stock has a fifty day simple moving average of $24.19 and a 200 day simple moving average of $24.24.

Institutional Inflows and Outflows

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

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.