Short Interest in Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) Declines By 14.7%

Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 6,548,751 shares, a drop of 14.7% from the February 26th total of 7,681,289 shares. Based on an average daily trading volume, of 23,725,444 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Vanguard FTSE Developed Markets ETF Price Performance

Shares of NYSEARCA:VEA traded up $1.51 during mid-day trading on Tuesday, reaching $63.54. 12,217,161 shares of the company traded hands, compared to its average volume of 20,986,098. The company’s 50 day moving average price is $66.45 and its 200-day moving average price is $63.24. The firm has a market cap of $196.82 billion, a PE ratio of 16.34 and a beta of 0.87. Vanguard FTSE Developed Markets ETF has a 52 week low of $45.14 and a 52 week high of $70.55.

Hedge Funds Weigh In On Vanguard FTSE Developed Markets ETF

Hedge funds have recently modified their holdings of the company. Mascagni Wealth Management Inc. raised its position in shares of Vanguard FTSE Developed Markets ETF by 2.1% during the 4th quarter. Mascagni Wealth Management Inc. now owns 7,231 shares of the company’s stock valued at $452,000 after purchasing an additional 152 shares during the period. TL Private Wealth boosted its holdings in Vanguard FTSE Developed Markets ETF by 1.7% in the 4th quarter. TL Private Wealth now owns 9,396 shares of the company’s stock worth $606,000 after buying an additional 155 shares during the period. River Wealth Advisors LLC increased its stake in Vanguard FTSE Developed Markets ETF by 1.3% in the 4th quarter. River Wealth Advisors LLC now owns 12,143 shares of the company’s stock worth $759,000 after buying an additional 161 shares in the last quarter. Belpointe Asset Management LLC increased its stake in Vanguard FTSE Developed Markets ETF by 0.5% in the 4th quarter. Belpointe Asset Management LLC now owns 34,529 shares of the company’s stock worth $2,157,000 after buying an additional 162 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in Vanguard FTSE Developed Markets ETF by 0.6% during the fourth quarter. Spire Wealth Management now owns 27,194 shares of the company’s stock valued at $1,699,000 after acquiring an additional 163 shares during the period.

About Vanguard FTSE Developed Markets ETF

The Vanguard Developed Markets Index Fund (VEA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap weighted index of large-, mid- and small-cap stocks from developed markets outside the US. VEA was launched on Jul 20, 2007 and is managed by Vanguard.