VanEck Morningstar Global Wide Moat ETF (BATS:MOTG) Sees Large Decrease in Short Interest

VanEck Morningstar Global Wide Moat ETF (BATS:MOTG) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 187 shares, a drop of 97.7% from the June 30th total of 8,022 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,773 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On VanEck Morningstar Global Wide Moat ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Signature Estate & Investment Advisors LLC raised its holdings in VanEck Morningstar Global Wide Moat ETF by 17.4% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 151,599 shares of the company’s stock worth $5,877,000 after purchasing an additional 22,452 shares during the period. Jane Street Group LLC grew its holdings in 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. GM Advisory Group LLC grew its holdings in VanEck Morningstar Global Wide Moat ETF by 61.4% in the fourth quarter. GM Advisory Group LLC now owns 14,517 shares of the company’s stock valued at $563,000 after purchasing an additional 5,522 shares during the period. Finally, Allworth Financial LP purchased a new stake in shares of VanEck Morningstar Global Wide Moat ETF in the third quarter valued at approximately $37,000.

VanEck Morningstar Global Wide Moat ETF Trading Up 0.1%

MOTG traded up $0.04 on Friday, reaching $38.52. The stock had a trading volume of 181 shares, compared to its average volume of 1,424. The business’s 50-day moving average price is $38.45 and its two-hundred day moving average price is $38.98. The company has a market cap of $15.41 million, a P/E ratio of 21.93 and a beta of 0.88. VanEck Morningstar Global Wide Moat ETF has a 12-month low of $35.86 and a 12-month high of $45.88.

About VanEck Morningstar Global Wide Moat ETF

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.