Short Interest in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Drops By 63.1%

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 171,945 shares, a drop of 63.1% from the May 14th total of 465,565 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,394,137 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VONG. Apella Capital LLC boosted its stake in shares of Vanguard Russell 1000 Growth ETF by 18.8% in the fourth quarter. Apella Capital LLC now owns 273,676 shares of the company’s stock worth $33,320,000 after buying an additional 43,231 shares during the last quarter. AMG National Trust Bank boosted its stake in shares of Vanguard Russell 1000 Growth ETF by 27.2% in the third quarter. AMG National Trust Bank now owns 27,811 shares of the company’s stock worth $3,351,000 after buying an additional 5,948 shares during the last quarter. City Holding Co. acquired a new position in Vanguard Russell 1000 Growth ETF in the 4th quarter worth about $1,206,000. Concurrent Investment Advisors LLC raised its holdings in Vanguard Russell 1000 Growth ETF by 100.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,372 shares of the company’s stock worth $2,602,000 after purchasing an additional 10,723 shares during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in Vanguard Russell 1000 Growth ETF by 134.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 10,447 shares of the company’s stock worth $1,259,000 after purchasing an additional 5,996 shares during the period.

Vanguard Russell 1000 Growth ETF Stock Performance

VONG traded up $0.13 during trading on Friday, hitting $125.20. 1,110,579 shares of the stock were exchanged, compared to its average volume of 2,698,968. The firm has a 50 day simple moving average of $123.99 and a 200 day simple moving average of $120.41. The firm has a market cap of $42.70 billion, a price-to-earnings ratio of 33.25 and a beta of 1.16. Vanguard Russell 1000 Growth ETF has a 1 year low of $103.39 and a 1 year high of $132.94.

Vanguard Russell 1000 Growth ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.1418 per share. This represents a $0.57 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, March 24th. This is an increase from Vanguard Russell 1000 Growth ETF’s previous quarterly dividend of $0.14.

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.