Vanguard Financials ETF (NYSEARCA:VFH) Sees Significant Decrease in Short Interest

Vanguard Financials ETF (NYSEARCA:VFH) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 283,859 shares, a decline of 28.7% from the January 15th total of 398,274 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 569,676 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 569,676 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of Vanguard Financials ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of Vanguard Financials ETF by 2.3% in the 3rd quarter. Bank of America Corp DE now owns 23,437,493 shares of the company’s stock worth $3,075,937,000 after purchasing an additional 526,682 shares in the last quarter. Morgan Stanley increased its position in Vanguard Financials ETF by 1.0% in the fourth quarter. Morgan Stanley now owns 3,604,287 shares of the company’s stock worth $481,137,000 after buying an additional 35,705 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Vanguard Financials ETF by 1.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,811,174 shares of the company’s stock worth $241,774,000 after buying an additional 27,036 shares during the period. PGIM Custom Harvest LLC raised its stake in shares of Vanguard Financials ETF by 2.9% in the third quarter. PGIM Custom Harvest LLC now owns 1,416,698 shares of the company’s stock worth $185,927,000 after buying an additional 40,422 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of Vanguard Financials ETF by 7.6% during the 3rd quarter. Raymond James Financial Inc. now owns 1,162,719 shares of the company’s stock valued at $152,595,000 after buying an additional 82,232 shares in the last quarter. Institutional investors own 61.65% of the company’s stock.

Vanguard Financials ETF Trading Down 0.0%

NYSEARCA:VFH traded down $0.06 on Friday, reaching $126.81. 447,364 shares of the stock traded hands, compared to its average volume of 643,885. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 17.56 and a beta of 1.02. Vanguard Financials ETF has a 12 month low of $100.87 and a 12 month high of $137.89. The company’s fifty day simple moving average is $132.90 and its 200 day simple moving average is $130.50.

About Vanguard Financials ETF

Vanguard Financials ETF (the Fund) is an exchange-traded share class of Vanguard Financials Index Fund. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Investable Market Financials Index, an index of stocks of large, medium and small United States companies in the financials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies involved in activities, such as banking, mortgage finance, consumer finance, specialized finance, investment banking and brokerage, asset management and custody, corporate lending, insurance, financial investment, and real estate (including real estate investment trusts).