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

Global X MSCI Vietnam ETF (NYSEARCA:VNAM) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 13,203 shares, a decline of 66.1% from the May 31st total of 38,960 shares. Based on an average daily trading volume, of 11,233 shares, the short-interest ratio is presently 1.2 days. Currently, 1.0% of the company’s stock are sold short.

Global X MSCI Vietnam ETF Price Performance

Shares of NYSEARCA:VNAM traded down $0.23 during trading on Friday, reaching $24.81. 14,427 shares of the stock were exchanged, compared to its average volume of 17,765. The stock has a fifty day moving average of $25.55 and a two-hundred day moving average of $24.69. Global X MSCI Vietnam ETF has a 1-year low of $17.30 and a 1-year high of $27.45. The firm has a market cap of $34.24 million, a price-to-earnings ratio of 14.33 and a beta of 0.90.

Institutional Investors Weigh In On Global X MSCI Vietnam ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its position in Global X MSCI Vietnam ETF by 35.2% in the 2nd 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 in the last quarter. Osaic Holdings Inc. increased its holdings in Global X MSCI Vietnam ETF by 7,400.0% during the 2nd quarter. Osaic Holdings Inc. now owns 7,500 shares of the company’s stock worth $131,000 after purchasing an additional 7,400 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of Global X MSCI Vietnam ETF in the fourth quarter worth approximately $29,000. Meridian Wealth Management LLC purchased a new stake in shares of Global X MSCI Vietnam ETF in the fourth quarter worth approximately $285,000. Finally, ES4 LLC bought a new position in shares of Global X MSCI Vietnam ETF in the fourth quarter valued at approximately $834,000.

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.