VanEck India Growth Leaders ETF (NYSEARCA:GLIN) Sees Large Increase in Short Interest

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

VanEck India Growth Leaders ETF Price Performance

Shares of NYSEARCA:GLIN traded up $0.66 during midday trading on Friday, reaching $44.58. 272 shares of the company’s stock were exchanged, compared to its average volume of 47,702. The stock has a market cap of $85.60 million, a price-to-earnings ratio of 15.62 and a beta of 0.70. The firm’s 50 day simple moving average is $44.45 and its two-hundred day simple moving average is $44.82. VanEck India Growth Leaders ETF has a fifty-two week low of $38.71 and a fifty-two week high of $47.94.

Hedge Funds Weigh In On VanEck India Growth Leaders ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLIN. Integrated Wealth Concepts LLC purchased a new position in shares of VanEck India Growth Leaders ETF in the 2nd quarter valued at about $37,000. Kickstand Ventures LLC. increased its holdings in shares of 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 acquiring an additional 6,103 shares during the period. Royal Bank of Canada increased its stake in VanEck India Growth Leaders ETF by 26.6% in the first quarter. Royal Bank of Canada now owns 4,892 shares of the company’s stock valued at $198,000 after purchasing an additional 1,027 shares during the period. J. Safra Sarasin Holding AG purchased a new stake in VanEck India Growth Leaders ETF during the 1st quarter valued at approximately $264,000. Finally, Ascent Advisors LLC purchased a new stake in VanEck India Growth Leaders ETF during the 1st quarter valued at approximately $302,000.

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.