VanEck Vietnam ETF (BATS:VNM) Shares Up 1% – What’s Next?

VanEck Vietnam ETF (BATS:VNM) shares shot up 1% during trading on Wednesday . The stock traded as high as $19.31 and last traded at $19.31. 578,030 shares changed hands during trading, a decline of 36% from the average session volume of 896,233 shares. The stock had previously closed at $19.11.

VanEck Vietnam ETF Stock Performance

The firm has a fifty day simple moving average of $18.21 and a 200 day simple moving average of $18.38. The company has a market capitalization of $579.38 million, a PE ratio of 15.31 and a beta of 0.91.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd purchased a new position in VanEck Vietnam ETF during the 3rd quarter worth $36,000. Strategic Advocates LLC lifted its holdings in VanEck Vietnam ETF by 85.3% during the fourth quarter. Strategic Advocates LLC now owns 2,155 shares of the company’s stock worth $41,000 after buying an additional 992 shares during the period. Group One Trading LLC lifted its holdings in VanEck Vietnam ETF by 3,043.5% during the first quarter. Group One Trading LLC now owns 2,892 shares of the company’s stock worth $50,000 after buying an additional 2,800 shares during the period. Triumph Capital Management purchased a new stake in VanEck Vietnam ETF during the third quarter worth $108,000. Finally, Comerica Bank lifted its holdings in VanEck Vietnam ETF by 375.4% during the first quarter. Comerica Bank now owns 6,342 shares of the company’s stock worth $79,000 after buying an additional 5,008 shares during the period.

VanEck Vietnam ETF Company Profile

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.