VanEck Vietnam ETF (BATS:VNM) Stock Short Interest Declines 35.7%

VanEck Vietnam ETF (BATS:VNM) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,370,516 shares, a drop of 35.7% from the August 31st total of 2,129,874 shares. Currently, 4.4% of the company’s shares are short sold. Based on an average daily volume of 815,774 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On VanEck Vietnam ETF

A number of hedge funds and other institutional investors have recently modified their holdings of VNM. CacheTech Inc. boosted its holdings in VanEck Vietnam ETF by 7.1% during the 1st quarter. CacheTech Inc. now owns 828,237 shares of the company’s stock valued at $14,337,000 after acquiring an additional 55,015 shares during the period. Bleakley Financial Group LLC increased its stake in VanEck Vietnam ETF by 17.9% in the 1st quarter. Bleakley Financial Group LLC now owns 306,524 shares of the company’s stock worth $5,306,000 after purchasing an additional 46,642 shares during the period. Bcwm LLC increased its stake in VanEck Vietnam ETF by 1.3% in the 4th quarter. Bcwm LLC now owns 214,661 shares of the company’s stock worth $4,096,000 after purchasing an additional 2,851 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in VanEck Vietnam ETF in the fourth quarter valued at approximately $2,358,000. Finally, Royal Bank of Canada lifted its position in VanEck Vietnam ETF by 21.2% in the first quarter. Royal Bank of Canada now owns 130,877 shares of the company’s stock valued at $2,265,000 after purchasing an additional 22,920 shares during the last quarter.

VanEck Vietnam ETF Stock Down 0.7%

VanEck Vietnam ETF stock opened at $16.72 on Friday. The company has a market capitalization of $516.65 million, a PE ratio of 15.31 and a beta of 0.91. The firm has a fifty day simple moving average of $17.49 and a two-hundred day simple moving average of $17.92. VanEck Vietnam ETF has a twelve month low of $16.22 and a twelve month high of $19.85.

About VanEck Vietnam ETF

The VanEck Vietnam ETF (VNM) is an exchange-traded fund that is based on the MVIS Vietnam index, a market-cap-weighted index of Vietnamese stocks VNM was launched on Aug 14, 2009 and is managed by VanEck.