VanEck Vietnam ETF (BATS:VNM) Stock Price Up 0.5% – What’s Next?

VanEck Vietnam ETF (BATS:VNM)’s stock price rose 0.5% during mid-day trading on Thursday. The company traded as high as $17.11 and last traded at $17.06. 445,735 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 730,248 shares. The stock had previously closed at $16.98.

VanEck Vietnam ETF Stock Performance

The stock has a market capitalization of $527.15 million, a price-to-earnings ratio of 15.31 and a beta of 0.91. The company has a 50 day moving average of $17.32 and a 200 day moving average of $17.90.

Hedge Funds Weigh In On VanEck Vietnam ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Himension Capital Singapore PTE. LTD. grew its position in shares of VanEck Vietnam ETF by 158.9% during the first quarter. Himension Capital Singapore PTE. LTD. now owns 97,403 shares of the company’s stock worth $1,686,000 after buying an additional 59,777 shares in the last quarter. CacheTech Inc. raised its holdings in VanEck Vietnam ETF by 7.1% in the first 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 in the last quarter. Bleakley Financial Group LLC raised its holdings in VanEck Vietnam ETF by 17.9% in the first quarter. Bleakley Financial Group LLC now owns 306,524 shares of the company’s stock valued at $5,306,000 after acquiring an additional 46,642 shares in the last quarter. Capula Management Ltd acquired a new stake in VanEck Vietnam ETF in the first quarter valued at approximately $520,000. Finally, Royal Bank of Canada lifted its stake 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 worth $2,265,000 after acquiring an additional 22,920 shares during the last quarter.

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.