Vanguard Communication Services ETF (NYSEARCA:VOX) Sees Large Drop in Short Interest

Vanguard Communication Services ETF (NYSEARCA:VOX) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 89,046 shares, a decline of 47.9% from the August 31st total of 170,797 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 384,920 shares, the days-to-cover ratio is currently 0.2 days.

Vanguard Communication Services ETF Trading Up 0.4%

Shares of VOX stock traded up $0.80 during trading hours on Wednesday, reaching $192.18. 117,163 shares of the company’s stock were exchanged, compared to its average volume of 265,462. The stock’s 50 day moving average is $188.11 and its 200-day moving average is $189.16. Vanguard Communication Services ETF has a fifty-two week low of $172.37 and a fifty-two week high of $200.77. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 18.46 and a beta of 1.05.

Institutional Investors Weigh In On Vanguard Communication Services ETF

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. increased its holdings in Vanguard Communication Services ETF by 2.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,867 shares of the company’s stock valued at $711,000 after buying an additional 105 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Vanguard Communication Services ETF by 15.7% during the second quarter. Envestnet Asset Management Inc. now owns 470,925 shares of the company’s stock worth $86,627,000 after buying an additional 63,964 shares in the last quarter. Anchor Investment Management LLC grew its holdings in shares of Vanguard Communication Services ETF by 3.3% in the second quarter. Anchor Investment Management LLC now owns 18,891 shares of the company’s stock valued at $3,475,000 after purchasing an additional 610 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Vanguard Communication Services ETF by 1.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 13,182 shares of the company’s stock valued at $2,425,000 after purchasing an additional 179 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Vanguard Communication Services ETF by 1.6% in the second quarter. Baird Financial Group Inc. now owns 74,710 shares of the company’s stock valued at $13,743,000 after acquiring an additional 1,192 shares during the last quarter.

About Vanguard Communication Services ETF

Vanguard Telecommunication Services ETF (the Fund) seeks to track the performance of a benchmark index that measures the investment return of telecommunication services stocks. The Fund seeks to track the performance of the MSCI US Investable Market Telecommunication Services 25/50 Index. The MSCI US Investable Market Telecommunication Services 25/50 Index includes stocks of the United States companies within the telecommunication services sector. The sector is made up of companies that provide communications services primarily through fixed-line, cellular, wireless, high-bandwidth, and/or fiber-optic cable networks.