Short Interest in VanEck Morningstar Global Wide Moat ETF (BATS:MOTG) Grows By 376.6%

VanEck Morningstar Global Wide Moat ETF (BATS:MOTG) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 7,950 shares, an increase of 376.6% from the April 15th total of 1,668 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average trading volume of 2,084 shares, the days-to-cover ratio is currently 3.8 days.

Hedge Funds Weigh In On VanEck Morningstar Global Wide Moat ETF

A number of institutional investors have recently modified their holdings of MOTG. Allworth Financial LP bought a new position in shares of VanEck Morningstar Global Wide Moat ETF in the third quarter valued at approximately $37,000. CM Wealth Advisors LLC bought a new position in shares of VanEck Morningstar Global Wide Moat ETF in the third quarter valued at approximately $303,000. GM Advisory Group LLC raised its position in shares of VanEck Morningstar Global Wide Moat ETF by 29.1% in the third quarter. GM Advisory Group LLC now owns 8,995 shares of the company’s stock valued at $405,000 after purchasing an additional 2,026 shares during the period. Jane Street Group LLC raised its position in shares of VanEck Morningstar Global Wide Moat ETF by 69.6% in the fourth quarter. Jane Street Group LLC now owns 26,093 shares of the company’s stock valued at $1,012,000 after purchasing an additional 10,707 shares during the period. Finally, Signature Estate & Investment Advisors LLC raised its position in shares of VanEck Morningstar Global Wide Moat ETF by 17.4% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 151,599 shares of the company’s stock valued at $5,877,000 after purchasing an additional 22,452 shares during the period.

VanEck Morningstar Global Wide Moat ETF Stock Performance

Shares of MOTG opened at $38.64 on Thursday. The firm has a market cap of $15.46 million, a PE ratio of 21.93 and a beta of 0.88. The firm’s 50 day moving average price is $38.31 and its 200 day moving average price is $40.87. VanEck Morningstar Global Wide Moat ETF has a twelve month low of $35.86 and a twelve month high of $45.88.

VanEck Morningstar Global Wide Moat ETF Company Profile

The VanEck Morningstar Global Wide Moat ETF (MOTG) is an exchange-traded fund that is based on the Morningstar Global Wide Moat Focus index. The fund tracks a staggered, equal-weighted index of companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage. MOTG was launched on Oct 30, 2021 and is managed by VanEck.