Vanguard Financials ETF (NYSEARCA:VFH) Sees Large Drop in Short Interest

Vanguard Financials ETF (NYSEARCA:VFH) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 270,680 shares, a decline of 41.3% from the May 31st total of 461,155 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 786,065 shares, the days-to-cover ratio is presently 0.3 days.

Vanguard Financials ETF Trading Up 2.1%

Shares of Vanguard Financials ETF stock traded up $2.75 on Wednesday, reaching $134.35. 466,360 shares of the company were exchanged, compared to its average volume of 687,874. The stock has a fifty day moving average price of $128.28 and a 200-day moving average price of $128.35. The firm has a market capitalization of $13.66 billion, a price-to-earnings ratio of 17.56 and a beta of 0.90. Vanguard Financials ETF has a fifty-two week low of $116.67 and a fifty-two week high of $137.89.

Institutional Investors Weigh In On Vanguard Financials ETF

A number of large investors have recently made changes to their positions in the company. Jane Street Group LLC grew its position in Vanguard Financials ETF by 124.9% during the 1st quarter. Jane Street Group LLC now owns 9,345 shares of the company’s stock worth $1,116,000 after purchasing an additional 5,190 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Vanguard Financials ETF by 10.5% in the first quarter. Focus Partners Wealth now owns 7,821 shares of the company’s stock valued at $934,000 after purchasing an additional 743 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Vanguard Financials ETF by 8.8% in the second quarter. Brown Advisory Inc. now owns 6,664 shares of the company’s stock worth $848,000 after buying an additional 540 shares during the period. Cerity Partners LLC boosted its position in shares of Vanguard Financials ETF by 8.4% in the second quarter. Cerity Partners LLC now owns 22,736 shares of the company’s stock worth $2,894,000 after buying an additional 1,759 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Vanguard Financials ETF by 1,765.2% during the second quarter. Qube Research & Technologies Ltd now owns 9,587 shares of the company’s stock valued at $1,220,000 after buying an additional 9,073 shares in the last quarter. Institutional investors and hedge funds own 61.65% of the company’s stock.

Vanguard Financials ETF Company Profile

Vanguard Financials ETF (the Fund) is an exchange-traded share class of Vanguard Financials Index Fund. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Investable Market Financials Index, an index of stocks of large, medium and small United States companies in the financials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies involved in activities, such as banking, mortgage finance, consumer finance, specialized finance, investment banking and brokerage, asset management and custody, corporate lending, insurance, financial investment, and real estate (including real estate investment trusts).