VanEck India Growth Leaders ETF (NYSEARCA:GLIN) Trading Down 1% – Should You Sell?

VanEck India Growth Leaders ETF (NYSEARCA:GLIN) shares were down 1% on Wednesday . The stock traded as low as $44.54 and last traded at $44.64. 6,486 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 66,572 shares. The stock had previously closed at $45.07.

VanEck India Growth Leaders ETF Stock Down 1.0%

The stock’s 50 day moving average price is $45.40 and its 200-day moving average price is $44.87. The stock has a market capitalization of $94.64 million, a P/E ratio of 15.62 and a beta of 0.69.

Institutional Trading of VanEck India Growth Leaders ETF

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in shares of VanEck India Growth Leaders ETF by 11.1% in the 4th quarter. Royal Bank of Canada now owns 3,865 shares of the company’s stock worth $178,000 after acquiring 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 1st quarter worth $264,000. Ascent Advisors LLC bought a new stake in VanEck India Growth Leaders ETF during the first quarter valued at about $302,000. Susquehanna International Group LLP bought a new stake in VanEck India Growth Leaders ETF during the third quarter valued at about $477,000. Finally, Osaic Holdings Inc. boosted its position in 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 in the last quarter.

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.