VanEck Vietnam ETF (BATS:VNM) Stock Short Interest Falls 35.7%

VanEck Vietnam ETF (BATS:VNM) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,370,516 shares, a drop of 35.7% from the August 31st total of 2,129,874 shares. Based on an average trading volume of 815,774 shares, the days-to-cover ratio is presently 1.7 days. Currently, 4.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Strategic Advocates LLC increased its stake in shares of VanEck Vietnam ETF by 85.3% in the 4th quarter. Strategic Advocates LLC now owns 2,155 shares of the company’s stock worth $41,000 after acquiring an additional 992 shares in the last quarter. Kaizen Financial Strategies boosted its stake in VanEck Vietnam ETF by 8.5% during the first quarter. Kaizen Financial Strategies now owns 20,314 shares of the company’s stock worth $380,000 after acquiring an additional 1,593 shares in the last quarter. Group One Trading LLC grew its holdings in VanEck Vietnam ETF by 3,043.5% in the first quarter. Group One Trading LLC now owns 2,892 shares of the company’s stock worth $50,000 after purchasing an additional 2,800 shares during the period. Bcwm LLC grew its holdings in VanEck Vietnam ETF by 1.3% in the fourth quarter. Bcwm LLC now owns 214,661 shares of the company’s stock worth $4,096,000 after purchasing an additional 2,851 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in VanEck Vietnam ETF in the second quarter worth about $133,000.

VanEck Vietnam ETF Stock Performance

Shares of VNM stock opened at $16.84 on Friday. VanEck Vietnam ETF has a fifty-two week low of $16.22 and a fifty-two week high of $19.85. The stock has a 50 day moving average price of $17.48 and a two-hundred day moving average price of $17.93. The company has a market capitalization of $520.36 million, a P/E ratio of 15.31 and a beta of 0.91.

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.