VanEck Vietnam ETF (BATS:VNM) Trading Up 69.4% – Still a Buy?

VanEck Vietnam ETF (BATS:VNM)’s stock price rose 69.4% during trading on Monday . The stock traded as high as $11.36 and last traded at $18.9050. Approximately 198,934 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 621,961 shares. The stock had previously closed at $11.16.

VanEck Vietnam ETF Trading Up 69.4%

The firm’s 50-day simple moving average is $18.70 and its two-hundred day simple moving average is $17.91. The stock has a market capitalization of $584.16 million, a PE ratio of 15.31 and a beta of 0.91.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Gordian Capital Singapore Pte Ltd acquired a new stake in VanEck Vietnam ETF during the 3rd quarter worth about $36,000. Westside Investment Management Inc. boosted its holdings in shares of VanEck Vietnam ETF by 66.7% during the second quarter. Westside Investment Management Inc. now owns 2,500 shares of the company’s stock worth $34,000 after purchasing an additional 1,000 shares during the period. Group One Trading LLC acquired a new stake in shares of VanEck Vietnam ETF during the third quarter worth approximately $71,000. Marvin & Palmer Associates Inc. purchased a new position in VanEck Vietnam ETF during the second quarter valued at approximately $75,000. Finally, Triumph Capital Management acquired a new position in VanEck Vietnam ETF in the 3rd quarter valued at approximately $108,000.

About VanEck Vietnam ETF

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.