VanEck India Growth Leaders ETF (NYSEARCA:GLIN – Get Free Report) was the recipient of a large increase in short interest in 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. Based on an average daily trading volume, of 7,031 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.0% of the company’s shares are short sold.
Institutional Investors Weigh In On VanEck India Growth Leaders ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in VanEck India Growth Leaders ETF during the 2nd quarter worth about $37,000. Kickstand Ventures LLC. raised its stake in 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 boosted its holdings in shares of VanEck India Growth Leaders ETF by 26.6% during the 1st quarter. Royal Bank of Canada now owns 4,892 shares of the company’s stock worth $198,000 after buying an additional 1,027 shares during the period. J. Safra Sarasin Holding AG acquired a new position in shares of VanEck India Growth Leaders ETF in the first quarter valued at approximately $264,000. Finally, Ascent Advisors LLC bought a new position in VanEck India Growth Leaders ETF during the 1st quarter worth $302,000.
VanEck India Growth Leaders ETF Trading Up 1.4%
Shares of NYSEARCA:GLIN traded up $0.60 during trading on Thursday, hitting $44.52. 1,314 shares of the company’s stock were exchanged, compared to its average volume of 47,702. The firm has a 50-day moving average price of $44.48 and a two-hundred day moving average price of $44.83. The firm has a market cap of $85.48 million, a P/E 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 $47.94.
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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