Short Interest in Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Expands By 187.5%

Vanguard U.S. Momentum Factor ETF (BATS:VFMO) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 111,538 shares, a growth of 187.5% from the June 30th total of 38,801 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 91,099 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On Vanguard U.S. Momentum Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MML Investors Services LLC boosted its holdings in shares of Vanguard U.S. Momentum Factor ETF by 1.5% in the 2nd quarter. MML Investors Services LLC now owns 3,933 shares of the company’s stock valued at $678,000 after purchasing an additional 57 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Vanguard U.S. Momentum Factor ETF by 1.7% during the 4th quarter. Principal Securities Inc. now owns 3,720 shares of the company’s stock worth $711,000 after buying an additional 63 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of Vanguard U.S. Momentum Factor ETF by 4.0% during the 1st quarter. AdvisorNet Financial Inc now owns 1,664 shares of the company’s stock worth $328,000 after buying an additional 64 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Vanguard U.S. Momentum Factor ETF by 0.7% during the 1st quarter. International Assets Investment Management LLC now owns 9,348 shares of the company’s stock worth $1,872,000 after buying an additional 65 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Vanguard U.S. Momentum Factor ETF by 2.3% in the first quarter. Royal Bank of Canada now owns 3,776 shares of the company’s stock valued at $573,000 after buying an additional 86 shares in the last quarter.

Vanguard U.S. Momentum Factor ETF Trading Down 2.3%

Shares of Vanguard U.S. Momentum Factor ETF stock opened at $221.05 on Wednesday. The company has a market cap of $1.40 billion, a PE ratio of 22.24 and a beta of 1.08. The company has a 50 day moving average of $234.86 and a 200-day moving average of $217.97. Vanguard U.S. Momentum Factor ETF has a 1-year low of $170.02 and a 1-year high of $250.20.

About Vanguard U.S. Momentum Factor ETF

The Vanguard U.S. Momentum Factor ETF (VFMO) is an exchange-traded fund that is based on the MSCI USA Momentum index. Vanguard U.S. Momentum Factor ETF seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. VFMO was launched on Feb 13, 2018 and is managed by Vanguard.