VanEck Morningstar Wide Moat Value ETF (BATS:MVAL) Short Interest Down 95.8% in August

VanEck Morningstar Wide Moat Value ETF (BATS:MVAL) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 4 shares, a drop of 95.8% from the July 30th total of 96 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 225 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On VanEck Morningstar Wide Moat Value ETF

Institutional investors have recently added to or reduced their stakes in the company. Nan Shan Life Insurance Co. Ltd. purchased a new stake in shares of VanEck Morningstar Wide Moat Value ETF during the 2nd quarter worth approximately $2,675,000. Proficio Capital Partners LLC bought a new stake in VanEck Morningstar Wide Moat Value ETF in the second quarter worth $1,272,000. Finally, Headlands Technologies LLC bought a new stake in VanEck Morningstar Wide Moat Value ETF in the second quarter worth $73,000.

VanEck Morningstar Wide Moat Value ETF Stock Down 0.6%

MVAL stock traded down $0.23 during mid-day trading on Tuesday, hitting $39.97. The company had a trading volume of 31 shares, compared to its average volume of 861. The company has a 50-day moving average price of $37.76 and a 200 day moving average price of $37.05. VanEck Morningstar Wide Moat Value ETF has a 12-month low of $33.53 and a 12-month high of $40.20. The company has a market capitalization of $6.00 million, a price-to-earnings ratio of 18.54 and a beta of 0.76.

About VanEck Morningstar Wide Moat Value ETF

The VanEck Morningstar Wide Moat Value ETF (MVAL) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified equal-weighted index of 30 to 60 value-oriented US stocks that Morningstar determines to be attractively priced and have sustainable competitive advantages. MVAL was launched on Mar 26, 2024 and is issued by VanEck.