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

Vanguard Communication Services ETF (NYSEARCA:VOX) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 132,373 shares, a decrease of 59.7% from the June 30th total of 328,599 shares. Based on an average daily volume of 398,706 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On Vanguard Communication Services ETF

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in shares of Vanguard Communication Services ETF by 489.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 674,664 shares of the company’s stock worth $130,635,000 after purchasing an additional 560,204 shares during the period. Bank of America Corp DE lifted its holdings in shares of Vanguard Communication Services ETF by 12.7% during the first quarter. Bank of America Corp DE now owns 2,022,457 shares of the company’s stock valued at $363,719,000 after purchasing an additional 227,574 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Vanguard Communication Services ETF by 204.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 327,317 shares of the company’s stock valued at $55,981,000 after purchasing an additional 219,842 shares during the period. Marks Wealth LLC acquired a new position in shares of Vanguard Communication Services ETF in the 4th quarter valued at $41,093,000. Finally, Assetmark Inc. increased its stake in Vanguard Communication Services ETF by 79.2% in the 1st quarter. Assetmark Inc. now owns 342,932 shares of the company’s stock worth $61,673,000 after purchasing an additional 151,595 shares in the last quarter.

Vanguard Communication Services ETF Stock Up 1.6%

NYSEARCA:VOX traded up $2.96 during trading hours on Tuesday, reaching $185.13. 168,737 shares of the company’s stock were exchanged, compared to its average volume of 259,047. The company has a market capitalization of $5.69 billion, a P/E ratio of 18.46 and a beta of 1.05. Vanguard Communication Services ETF has a 12 month low of $170.83 and a 12 month high of $200.77. The business’s 50-day simple moving average is $188.78 and its two-hundred day simple moving average is $190.26.

Vanguard Communication Services ETF Company Profile

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.