Vanguard Materials ETF (NYSEARCA:VAW) Short Interest Down 35.4% in June

Vanguard Materials ETF (NYSEARCA:VAW) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 32,941 shares, a decrease of 35.4% from the June 15th total of 50,998 shares. Based on an average daily volume of 55,539 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are sold short.

Vanguard Materials ETF Price Performance

Shares of VAW stock opened at $223.61 on Friday. The firm’s 50-day moving average is $230.16 and its two-hundred day moving average is $229.56. Vanguard Materials ETF has a 12 month low of $190.29 and a 12 month high of $245.26. The company has a market capitalization of $2.96 billion, a PE ratio of 23.02 and a beta of 0.96.

Institutional Trading of Vanguard Materials ETF

Several institutional investors have recently made changes to their positions in VAW. Bank of America Corp DE increased its stake in Vanguard Materials ETF by 1.2% during the third quarter. Bank of America Corp DE now owns 1,417,176 shares of the company’s stock worth $290,323,000 after acquiring an additional 16,394 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Vanguard Materials ETF by 2.5% during the 4th quarter. LPL Financial LLC now owns 295,587 shares of the company’s stock worth $61,349,000 after purchasing an additional 7,149 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Vanguard Materials ETF by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 285,005 shares of the company’s stock worth $55,528,000 after purchasing an additional 5,920 shares during the last quarter. Strategic Investment Advisors MI purchased a new stake in Vanguard Materials ETF in the 3rd quarter valued at about $36,562,000. Finally, Raymond James Financial Inc. lifted its position in Vanguard Materials ETF by 36.1% in the third quarter. Raymond James Financial Inc. now owns 162,221 shares of the company’s stock valued at $33,232,000 after buying an additional 43,024 shares during the last quarter.

Vanguard Materials ETF Company Profile

Vanguard Materials ETF seeks to track the investment performance of the MSCI US Investable Market Materials 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the materials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies in a wide range of commodity-related manufacturing industries. Included within this sector are companies that manufacture chemicals, construction materials, glass, paper, forest products, and related packaging products, as well as metals, minerals, and mining companies, including producers of steel.