VanEck Vietnam ETF (BATS:VNM) Trading Up 0.5% – Still a Buy?

VanEck Vietnam ETF (BATS:VNMGet Free Report)’s share price shot up 0.5% during trading on Monday . The company traded as high as $18.48 and last traded at $18.44. 327,031 shares traded hands during trading, a decline of 62% from the average session volume of 849,563 shares. The stock had previously closed at $18.35.

VanEck Vietnam ETF Stock Up 0.3%

The company has a 50-day simple moving average of $18.69 and a two-hundred day simple moving average of $18.47. The firm has a market cap of $572.58 million, a PE ratio of 15.31 and a beta of 0.91.

Institutional Investors Weigh In On VanEck Vietnam ETF

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of VanEck Vietnam ETF by 21.2% in the 1st quarter. Royal Bank of Canada now owns 130,877 shares of the company’s stock worth $2,265,000 after buying an additional 22,920 shares during the last quarter. Capula Management Ltd purchased a new stake in VanEck Vietnam ETF during the first quarter worth about $520,000. Group One Trading LLC raised its position 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 acquiring an additional 2,800 shares during the period. CacheTech Inc. raised its position in VanEck Vietnam ETF by 7.1% in the first quarter. CacheTech Inc. now owns 828,237 shares of the company’s stock worth $14,337,000 after acquiring an additional 55,015 shares during the period. Finally, Himension Capital Singapore PTE. LTD. boosted its stake in VanEck Vietnam ETF by 158.9% in the first quarter. Himension Capital Singapore PTE. LTD. now owns 97,403 shares of the company’s stock valued at $1,686,000 after acquiring an additional 59,777 shares during the last quarter.

About VanEck Vietnam ETF

(Get Free Report)

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.

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