VanEck India Growth Leaders ETF (NYSEARCA:GLIN) Trading 1.8% Higher – Time to Buy?

VanEck India Growth Leaders ETF (NYSEARCA:GLIN)’s stock price traded up 1.8% on Thursday . The stock traded as high as $45.25 and last traded at $45.15. 10,886 shares changed hands during trading, a decline of 87% from the average session volume of 86,144 shares. The stock had previously closed at $44.37.

VanEck India Growth Leaders ETF Stock Performance

The firm has a 50 day simple moving average of $44.28 and a two-hundred day simple moving average of $45.00. The firm has a market capitalization of $98.06 million, a P/E ratio of 15.62 and a beta of 0.69.

Institutional Investors Weigh In On VanEck India Growth Leaders ETF

A number of hedge funds have recently made changes to their positions in GLIN. Jane Street Group LLC raised its stake in shares of VanEck India Growth Leaders ETF by 332.9% during the 1st quarter. Jane Street Group LLC now owns 83,285 shares of the company’s stock worth $3,570,000 after purchasing an additional 64,045 shares during the period. Assetmark Inc. increased its holdings in VanEck India Growth Leaders ETF by 170.7% in the 3rd quarter. Assetmark Inc. now owns 71,195 shares of the company’s stock worth $3,179,000 after acquiring an additional 44,895 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in VanEck India Growth Leaders ETF in the 3rd quarter worth about $477,000. Ascent Advisors LLC purchased a new stake in VanEck India Growth Leaders ETF in the 1st quarter worth about $302,000. Finally, J. Safra Sarasin Holding AG purchased a new stake in VanEck India Growth Leaders ETF in the 1st quarter worth about $264,000.

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.