VanEck India Growth Leaders ETF (NYSEARCA:GLIN) Shares Shorted: Short Interest Up 185.8% in September

VanEck India Growth Leaders ETF (NYSEARCA:GLIN) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 4,715 shares, an increase of 185.8% from the September 15th total of 1,650 shares. Based on an average daily trading volume, of 8,449 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On VanEck India Growth Leaders ETF

A number of institutional investors have recently made changes to their positions in GLIN. Integrated Wealth Concepts LLC purchased a new stake in VanEck India Growth Leaders ETF during the 2nd quarter worth about $37,000. Royal Bank of Canada boosted 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 purchasing an additional 1,027 shares during the last quarter. Kickstand Ventures LLC. boosted its stake in shares of VanEck India Growth Leaders ETF by 6.9% during the 2nd quarter. Kickstand Ventures LLC. now owns 94,436 shares of the company’s stock worth $4,391,000 after purchasing an additional 6,103 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new stake in shares of VanEck India Growth Leaders ETF during the 1st quarter worth about $264,000. Finally, Ascent Advisors LLC purchased a new stake in shares of VanEck India Growth Leaders ETF during the first quarter worth about $302,000.

VanEck India Growth Leaders ETF Stock Performance

GLIN stock traded up $1.08 on Tuesday, reaching $44.02. The company had a trading volume of 6,658 shares, compared to its average volume of 50,372. The company’s fifty day moving average is $44.89 and its 200 day moving average is $44.83. The company has a market cap of $87.16 million, a P/E ratio of 15.62 and a beta of 0.70. VanEck India Growth Leaders ETF has a 1 year low of $38.71 and a 1 year high of $47.94.

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.