VanEck India Growth Leaders ETF (NYSEARCA:GLIN) Sees Large Increase in Short Interest

VanEck India Growth Leaders ETF (NYSEARCA:GLIN) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 1,650 shares, a growth of 251.8% from the August 31st total of 469 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 7,118 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On VanEck India Growth Leaders ETF

A number of hedge funds have recently modified their holdings of GLIN. Kickstand Ventures LLC. grew its holdings in VanEck India Growth Leaders ETF by 6.9% during the second quarter. Kickstand Ventures LLC. now owns 94,436 shares of the company’s stock valued at $4,391,000 after purchasing an additional 6,103 shares during the period. Ascent Advisors LLC purchased a new position in shares of VanEck India Growth Leaders ETF during the 1st quarter valued at $302,000. J. Safra Sarasin Holding AG bought a new position in shares of VanEck India Growth Leaders ETF during the 1st quarter worth $264,000. Royal Bank of Canada grew its stake 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 acquiring an additional 1,027 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in VanEck India Growth Leaders ETF in the 2nd quarter worth about $37,000.

VanEck India Growth Leaders ETF Stock Up 0.4%

NYSEARCA GLIN traded up $0.18 during trading hours on Friday, reaching $44.00. 21,927 shares of the company were exchanged, compared to its average volume of 53,161. The stock has a market capitalization of $89.32 million, a P/E ratio of 15.62 and a beta of 0.68. VanEck India Growth Leaders ETF has a 1 year low of $38.71 and a 1 year high of $47.94. The business’s 50 day simple moving average is $45.30 and its 200-day simple moving average is $44.77.

VanEck India Growth Leaders ETF Company Profile

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.