Vanguard Materials ETF (NYSEARCA:VAW) Short Interest Update

Vanguard Materials ETF (NYSEARCA:VAW) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 28,454 shares, a drop of 46.3% from the April 15th total of 52,999 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 51,845 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Vanguard Materials ETF

A number of institutional investors and hedge funds have recently modified their holdings of VAW. Goldman Sachs Group Inc. lifted its holdings in shares of Vanguard Materials ETF by 748.6% in the first quarter. Goldman Sachs Group Inc. now owns 14,817 shares of the company’s stock worth $2,798,000 after buying an additional 13,071 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Vanguard Materials ETF in the first quarter worth about $272,000. NewEdge Advisors LLC lifted its holdings in shares of Vanguard Materials ETF by 119.6% in the second quarter. NewEdge Advisors LLC now owns 2,852 shares of the company’s stock worth $556,000 after buying an additional 1,553 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Vanguard Materials ETF by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 285,005 shares of the company’s stock worth $55,528,000 after buying an additional 5,920 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Vanguard Materials ETF by 76.1% in the second quarter. Quantinno Capital Management LP now owns 10,835 shares of the company’s stock worth $2,111,000 after buying an additional 4,681 shares in the last quarter.

Vanguard Materials ETF Price Performance

NYSEARCA:VAW traded down $6.89 on Friday, reaching $226.94. 61,682 shares of the company’s stock were exchanged, compared to its average volume of 89,705. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 23.02 and a beta of 0.97. Vanguard Materials ETF has a 52 week low of $187.58 and a 52 week high of $245.26. The stock has a fifty day simple moving average of $229.06 and a 200-day simple moving average of $220.38.

Vanguard Materials ETF Company Profile

Vanguard Materials ETF seeks to track the investment performance of the MSCI US Investable Market Materials 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the materials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies in a wide range of commodity-related manufacturing industries. Included within this sector are companies that manufacture chemicals, construction materials, glass, paper, forest products, and related packaging products, as well as metals, minerals, and mining companies, including producers of steel.