Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Sees Large Drop in Short Interest

Vanguard High Dividend Yield ETF (NYSEARCA:VYM) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 456,119 shares, a decrease of 32.5% from the August 15th total of 675,808 shares. Based on an average daily volume of 952,232 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of Vanguard High Dividend Yield ETF

Large investors have recently modified their holdings of the business. Bullseye Investment Management LLC purchased a new stake in shares of Vanguard High Dividend Yield ETF in the 2nd quarter worth approximately $115,000. SVB Wealth LLC bought a new stake in shares of Vanguard High Dividend Yield ETF in the 2nd quarter worth about $1,177,000. Capital Advantage Inc. increased its holdings in Vanguard High Dividend Yield ETF by 11.5% during the second quarter. Capital Advantage Inc. now owns 17,815 shares of the company’s stock valued at $2,815,000 after buying an additional 1,838 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its stake in Vanguard High Dividend Yield ETF by 1.7% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 312,243 shares of the company’s stock worth $49,344,000 after buying an additional 5,338 shares during the last quarter. Finally, NorthRock Partners LLC increased its stake in shares of Vanguard High Dividend Yield ETF by 13.1% in the second quarter. NorthRock Partners LLC now owns 8,029 shares of the company’s stock worth $1,269,000 after acquiring an additional 931 shares during the period.

Vanguard High Dividend Yield ETF Price Performance

Shares of NYSEARCA VYM traded up $1.10 during midday trading on Thursday, reaching $160.88. 682,200 shares of the stock were exchanged, compared to its average volume of 1,389,362. The business has a 50-day simple moving average of $163.30 and a two-hundred day simple moving average of $157.77. The company has a market capitalization of $80.50 billion, a price-to-earnings ratio of 17.79 and a beta of 0.73. Vanguard High Dividend Yield ETF has a 12 month low of $137.42 and a 12 month high of $167.61.

Vanguard High Dividend Yield ETF Company Profile

Vanguard High Dividend Yield ETF (NYSEARCA: VYM) is an exchange-traded fund designed to track the performance of the FTSE High Dividend Yield Index. The fund seeks to provide exposure to U.S. companies that are forecast to pay above-average dividends, offering investors a diversified way to access income-generating equities.

The ETF primarily invests in large-cap U.S. stocks across a range of sectors, with holdings selected for their dividend characteristics rather than active stock-picking.