VanEck Morningstar Wide Moat ETF (BATS:MOAT) Short Interest Down 42.8% in June

VanEck Morningstar Wide Moat ETF (BATS:MOAT) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 95,637 shares, a decrease of 42.8% from the June 15th total of 167,256 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 799,354 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On VanEck Morningstar Wide Moat ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MOAT. Balance Wealth LLC increased its position in shares of VanEck Morningstar Wide Moat ETF by 102.7% during the 4th quarter. Balance Wealth LLC now owns 11,830 shares of the company’s stock worth $1,225,000 after purchasing an additional 5,995 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in VanEck Morningstar Wide Moat ETF in the fourth quarter valued at about $2,195,000. Boston Family Office LLC boosted its stake in VanEck Morningstar Wide Moat ETF by 14.2% during the fourth quarter. Boston Family Office LLC now owns 66,197 shares of the company’s stock worth $6,855,000 after buying an additional 8,218 shares during the period. BCS Wealth Management boosted its stake in VanEck Morningstar Wide Moat ETF by 71.5% during the fourth quarter. BCS Wealth Management now owns 26,537 shares of the company’s stock worth $2,748,000 after buying an additional 11,060 shares during the period. Finally, Savvy Advisors Inc. increased its position in shares of VanEck Morningstar Wide Moat ETF by 500.5% during the fourth quarter. Savvy Advisors Inc. now owns 24,310 shares of the company’s stock valued at $2,518,000 after acquiring an additional 20,262 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Stock Performance

Shares of BATS:MOAT traded down $1.33 during midday trading on Friday, reaching $106.26. 529,497 shares of the company’s stock traded hands, compared to its average volume of 989,808. The company has a fifty day simple moving average of $103.06 and a two-hundred day simple moving average of $102.79. VanEck Morningstar Wide Moat ETF has a 1 year low of $94.07 and a 1 year high of $108.10. The company has a market cap of $14.35 billion, a P/E ratio of 22.53 and a beta of 1.02.

About VanEck Morningstar Wide Moat ETF

The VanEck Morningstar Wide Moat ETF (MOAT) is an exchange-traded fund that is based on the Morningstar Wide Moat Focus 20 index. The fund tracks a staggered, equal-weighted index of 40 US companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage. MOAT was launched on Apr 25, 2012 and is managed by VanEck.