VanEck India Growth Leaders ETF (NYSEARCA:GLIN) Short Interest Update

VanEck India Growth Leaders ETF (NYSEARCA:GLIN) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 2,434 shares, a decline of 49.4% from the May 14th total of 4,812 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 8,002 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in VanEck India Growth Leaders ETF by 11.1% during the fourth quarter. Royal Bank of Canada now owns 3,865 shares of the company’s stock valued at $178,000 after buying an additional 387 shares in the last quarter. J. Safra Sarasin Holding AG purchased a new stake in shares of VanEck India Growth Leaders ETF during the first quarter valued at approximately $264,000. Ascent Advisors LLC purchased a new stake in shares of VanEck India Growth Leaders ETF during the first quarter valued at approximately $302,000. Susquehanna International Group LLP purchased a new stake in shares of VanEck India Growth Leaders ETF during the third quarter valued at approximately $477,000. Finally, Osaic Holdings Inc. raised its stake in shares of VanEck India Growth Leaders ETF by 21.7% during the second quarter. Osaic Holdings Inc. now owns 12,304 shares of the company’s stock valued at $577,000 after purchasing an additional 2,198 shares during the period.

VanEck India Growth Leaders ETF Price Performance

GLIN stock traded up $0.88 during midday trading on Monday, reaching $46.25. 21,280 shares of the company’s stock traded hands, compared to its average volume of 81,615. The company has a market capitalization of $102.68 million, a P/E ratio of 15.62 and a beta of 0.69. VanEck India Growth Leaders ETF has a fifty-two week low of $38.71 and a fifty-two week high of $48.39. The business has a 50-day moving average price of $44.83 and a two-hundred day moving average price of $44.93.

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.