Vanguard S&P Mid-Cap 400 Value ETF (NYSEARCA:IVOV) Sees Large Drop in Short Interest

Vanguard S&P Mid-Cap 400 Value ETF (NYSEARCA:IVOV) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 14,231 shares, a decrease of 42.0% from the September 15th total of 24,554 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 33,966 shares, the short-interest ratio is currently 0.4 days.

Vanguard S&P Mid-Cap 400 Value ETF Trading Up 1.2%

NYSEARCA:IVOV traded up $1.28 during trading hours on Thursday, hitting $109.83. 11,531 shares of the company were exchanged, compared to its average volume of 23,418. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 15.67 and a beta of 0.98. Vanguard S&P Mid-Cap 400 Value ETF has a one year low of $96.11 and a one year high of $117.42. The company has a fifty day simple moving average of $112.13 and a 200 day simple moving average of $110.85.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Vanguard S&P Mid-Cap 400 Value ETF in the 2nd quarter worth approximately $25,000. Global Retirement Partners LLC bought a new position in Vanguard S&P Mid-Cap 400 Value ETF during the second quarter worth $29,000. Claris Financial LLC bought a new position in Vanguard S&P Mid-Cap 400 Value ETF during the first quarter worth $204,000. Genesis Financial Group LLC acquired a new position in Vanguard S&P Mid-Cap 400 Value ETF in the first quarter valued at $208,000. Finally, NewEdge Advisors LLC boosted its position in Vanguard S&P Mid-Cap 400 Value ETF by 13.1% during the second quarter. NewEdge Advisors LLC now owns 2,864 shares of the company’s stock valued at $327,000 after acquiring an additional 331 shares during the last quarter.

Vanguard S&P Mid-Cap 400 Value ETF Company Profile

The Vanguard S&P Mid-Cap 400 Value ETF (IVOV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Value index. The fund tracks an index of value-style securities from the Committee-selected S&P mid-cap 400. IVOV was launched on Sep 9, 2010 and is managed by Vanguard.