VanEck India Growth Leaders ETF (NYSEARCA:GLIN) Shares Shorted: Short Interest Up 297.7% in October

VanEck India Growth Leaders ETF (NYSEARCA:GLIN) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 18,753 shares, a growth of 297.7% from the September 30th total of 4,715 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 7,031 shares, the short-interest ratio is currently 2.7 days.

Institutional Trading of VanEck India Growth Leaders ETF

A number of hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in shares of VanEck India Growth Leaders ETF during the second quarter valued at approximately $37,000. Royal Bank of Canada increased its holdings in VanEck India Growth Leaders ETF by 26.6% in the 1st quarter. Royal Bank of Canada now owns 4,892 shares of the company’s stock valued at $198,000 after buying an additional 1,027 shares during the period. Kickstand Ventures LLC. increased its holdings in 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 valued at $4,391,000 after buying an additional 6,103 shares during the period. J. Safra Sarasin Holding AG acquired a new position in shares of VanEck India Growth Leaders ETF in the 1st quarter valued at $264,000. Finally, Ascent Advisors LLC acquired a new position in shares of VanEck India Growth Leaders ETF in the 1st quarter valued at $302,000.

VanEck India Growth Leaders ETF Price Performance

Shares of NYSEARCA GLIN traded up $0.17 during mid-day trading on Wednesday, hitting $43.92. The company had a trading volume of 3,796 shares, compared to its average volume of 47,926. The business’s 50-day simple moving average is $44.51 and its 200-day simple moving average is $44.84. VanEck India Growth Leaders ETF has a 12 month low of $38.71 and a 12 month high of $47.94. The firm has a market cap of $84.33 million, a P/E ratio of 15.62 and a beta of 0.70.

About VanEck India Growth Leaders ETF

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.