Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Short Interest Down 25.6% in May

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 136,000 shares, a drop of 25.6% from the May 15th total of 182,900 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,351,100 shares, the days-to-cover ratio is currently 0.1 days.

Vanguard Russell 1000 Growth ETF Trading Down 0.9%

Vanguard Russell 1000 Growth ETF stock opened at $104.72 on Wednesday. The stock has a market cap of $27.48 billion, a P/E ratio of 32.77 and a beta of 1.08. The company has a 50-day moving average price of $98.22 and a 200 day moving average price of $100.35. Vanguard Russell 1000 Growth ETF has a 12-month low of $79.40 and a 12-month high of $107.97.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were paid a dividend of $0.1366 per share. This represents a $0.55 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Investors Weigh In On Vanguard Russell 1000 Growth ETF

Several large investors have recently bought and sold shares of VONG. LPL Financial LLC boosted its holdings in Vanguard Russell 1000 Growth ETF by 19.5% in the first quarter. LPL Financial LLC now owns 6,602,552 shares of the company’s stock valued at $612,651,000 after purchasing an additional 1,077,100 shares in the last quarter. TIAA Trust National Association raised its stake in Vanguard Russell 1000 Growth ETF by 0.4% during the 1st quarter. TIAA Trust National Association now owns 4,642,676 shares of the company’s stock worth $430,794,000 after acquiring an additional 17,893 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Vanguard Russell 1000 Growth ETF by 3.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,735,457 shares of the company’s stock valued at $385,873,000 after acquiring an additional 112,803 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Vanguard Russell 1000 Growth ETF by 11.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,695,628 shares of the company’s stock valued at $381,758,000 after acquiring an additional 386,910 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Vanguard Russell 1000 Growth ETF by 3.3% during the first quarter. Citigroup Inc. now owns 3,675,208 shares of the company’s stock worth $341,023,000 after purchasing an additional 117,686 shares during the last quarter.

About Vanguard Russell 1000 Growth ETF

The Vanguard Russell 1000 Growth ETF (VONG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with high growth characteristics, based on Russell’s style methodology. VONG was launched on Sep 20, 2010 and is managed by Vanguard.