VanEck India Growth Leaders ETF (NYSEARCA:GLIN – Get Free Report) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 4,948 shares, a decline of 71.8% from the April 15th total of 17,545 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 9,573 shares, the short-interest ratio is presently 0.5 days.
Hedge Funds Weigh In On VanEck India Growth Leaders ETF
A number of hedge funds have recently bought and sold shares of GLIN. Royal Bank of Canada grew its stake in VanEck India Growth Leaders ETF by 11.1% in the fourth quarter. Royal Bank of Canada now owns 3,865 shares of the company’s stock worth $178,000 after purchasing an additional 387 shares in the last quarter. J. Safra Sarasin Holding AG bought a new position in VanEck India Growth Leaders ETF during the first quarter worth $264,000. Ascent Advisors LLC bought a new position in VanEck India Growth Leaders ETF during the first quarter worth $302,000. Susquehanna International Group LLP bought a new position in VanEck India Growth Leaders ETF during the third quarter worth $477,000. Finally, Osaic Holdings Inc. lifted its stake 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 worth $577,000 after purchasing an additional 2,198 shares during the last quarter.
VanEck India Growth Leaders ETF Price Performance
NYSEARCA:GLIN traded up $0.80 during mid-day trading on Wednesday, reaching $44.69. The stock had a trading volume of 5,098 shares, compared to its average volume of 98,819. The company has a market capitalization of $99.21 million, a price-to-earnings ratio of 15.62 and a beta of 0.70. VanEck India Growth Leaders ETF has a 1-year low of $38.71 and a 1-year high of $48.39. The stock’s 50 day simple moving average is $43.62 and its two-hundred day simple moving average is $45.21.
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.
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