VanEck Vietnam ETF (BATS:VNM) Shares Cross Below 50-Day Moving Average – What’s Next?

VanEck Vietnam ETF (BATS:VNM)’s share price crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $17.07 and traded as low as $16.96. VanEck Vietnam ETF shares last traded at $17.02, with a volume of 670,291 shares changing hands.

VanEck Vietnam ETF Stock Down 1.0%

The company has a 50 day moving average of $17.07 and a 200 day moving average of $17.83. The stock has a market capitalization of $467.20 million, a price-to-earnings ratio of 11.70 and a beta of 0.96.

Hedge Funds Weigh In On VanEck Vietnam ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. CacheTech Inc. boosted its holdings in shares of VanEck Vietnam ETF by 2.7% in the 3rd quarter. CacheTech Inc. now owns 888,481 shares of the company’s stock valued at $15,060,000 after purchasing an additional 23,398 shares during the last quarter. Stelac Advisory Services LLC acquired a new stake in shares of VanEck Vietnam ETF during the 3rd quarter worth $138,000. Diversified Trust Co purchased a new position in shares of VanEck Vietnam ETF in the 3rd quarter worth $1,874,000. Fifth Third Bancorp raised its position in shares of VanEck Vietnam ETF by 75.0% in the 3rd quarter. Fifth Third Bancorp now owns 2,334 shares of the company’s stock worth $40,000 after buying an additional 1,000 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in VanEck Vietnam ETF by 7.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 28,916 shares of the company’s stock valued at $490,000 after acquiring an additional 2,000 shares during the last quarter.

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.