VanEck Morningstar International Moat ETF (BATS:MOTI) Sees Significant Drop in Short Interest

VanEck Morningstar International Moat ETF (BATS:MOTI) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 4,940 shares, a decline of 32.0% from the August 15th total of 7,268 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,564 shares, the days-to-cover ratio is currently 1.4 days.

VanEck Morningstar International Moat ETF Stock Performance

Shares of BATS:MOTI opened at $34.98 on Thursday. VanEck Morningstar International Moat ETF has a 52-week low of $32.66 and a 52-week high of $39.49. The company has a market capitalization of $180.15 million, a PE ratio of 19.33 and a beta of 0.74. The company has a fifty day moving average of $36.01 and a 200-day moving average of $35.16.

Hedge Funds Weigh In On VanEck Morningstar International Moat ETF

Several large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in VanEck Morningstar International Moat ETF in the second quarter worth approximately $33,000. Royal Bank of Canada increased its holdings in shares of VanEck Morningstar International Moat ETF by 0.6% during the first quarter. Royal Bank of Canada now owns 187,237 shares of the company’s stock valued at $6,395,000 after acquiring an additional 1,159 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of VanEck Morningstar International Moat ETF during the first quarter valued at approximately $173,000. Whipplewood Advisors LLC raised its position in shares of VanEck Morningstar International Moat ETF by 2.7% during the first quarter. Whipplewood Advisors LLC now owns 31,113 shares of the company’s stock worth $1,063,000 after purchasing an additional 821 shares during the period. Finally, Leelyn Smith LLC lifted its holdings in shares of VanEck Morningstar International Moat ETF by 3.6% in the 1st quarter. Leelyn Smith LLC now owns 9,908 shares of the company’s stock worth $338,000 after purchasing an additional 345 shares in the last quarter.

About VanEck Morningstar International Moat ETF

The VanEck Morningstar International Moat ETF (MOTI) is an exchange-traded fund that is based on the Morningstar Global ex-US Moat Focus index. The fund tracks an equal-weighted index of 50 non-US companies that Morningstar deems to have a sustainable competitive advantage and an attractive valuation. MOTI was launched on Jul 14, 2015 and is managed by VanEck.