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

Global X MSCI Vietnam ETF (NYSEARCA:VNAM) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 12,096 shares, a decrease of 82.0% from the January 15th total of 67,311 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 26,314 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 26,314 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.9% of the shares of the stock are sold short.

Global X MSCI Vietnam ETF Price Performance

VNAM stock traded up $0.25 during midday trading on Tuesday, reaching $23.95. The company had a trading volume of 16,668 shares, compared to its average volume of 24,614. Global X MSCI Vietnam ETF has a 1-year low of $12.80 and a 1-year high of $26.00. The stock has a 50 day moving average price of $24.75 and a 200-day moving average price of $23.39. The company has a market capitalization of $32.09 million, a price-to-earnings ratio of 14.33 and a beta of 0.86.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VNAM. Farther Finance Advisors LLC acquired a new stake in shares of Global X MSCI Vietnam ETF in the fourth quarter valued at about $29,000. Osaic Holdings Inc. boosted its holdings in Global X MSCI Vietnam ETF by 7,400.0% in the second quarter. Osaic Holdings Inc. now owns 7,500 shares of the company’s stock valued at $131,000 after acquiring an additional 7,400 shares during the last quarter. Jane Street Group LLC boosted its holdings 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 acquiring an additional 9,500 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in Global X MSCI Vietnam ETF during the 4th quarter valued at approximately $285,000.

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.