Short Interest in Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Increases By 27.9%

Vanguard High Dividend Yield ETF (NYSEARCA:VYM) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 936,109 shares, an increase of 27.9% from the March 31st total of 731,640 shares. Based on an average daily trading volume, of 1,147,537 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company’s stock are sold short.

Vanguard High Dividend Yield ETF Price Performance

Vanguard High Dividend Yield ETF stock traded up $0.21 during midday trading on Wednesday, reaching $154.50. The company’s stock had a trading volume of 829,109 shares, compared to its average volume of 1,629,964. The stock has a market capitalization of $75.78 billion, a P/E ratio of 17.79 and a beta of 0.74. The stock’s 50-day simple moving average is $151.46 and its 200-day simple moving average is $147.44. Vanguard High Dividend Yield ETF has a 52-week low of $121.91 and a 52-week high of $157.29.

Hedge Funds Weigh In On Vanguard High Dividend Yield ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in shares of Vanguard High Dividend Yield ETF by 23.3% during the fourth quarter. Brighton Jones LLC now owns 16,836 shares of the company’s stock worth $2,148,000 after buying an additional 3,177 shares during the period. AQR Capital Management LLC raised its stake in Vanguard High Dividend Yield ETF by 314.5% in the 1st quarter. AQR Capital Management LLC now owns 28,618 shares of the company’s stock worth $3,690,000 after acquiring an additional 21,713 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Vanguard High Dividend Yield ETF by 245.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,519 shares of the company’s stock worth $469,000 after acquiring an additional 2,501 shares during the last quarter. First Trust Advisors LP lifted its position in Vanguard High Dividend Yield ETF by 42.7% during the 2nd quarter. First Trust Advisors LP now owns 18,568 shares of the company’s stock worth $2,475,000 after acquiring an additional 5,556 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in Vanguard High Dividend Yield ETF during the 2nd quarter worth about $1,066,000.

About Vanguard High Dividend Yield ETF

The Vanguard High Dividend Yield Index Fund (VYM) is an exchange-traded fund that is based on the FTSE Custom High Dividend Yield index. The fund tracks the FTSE High Dividend Yield Index. The index selects high-dividend-paying US companies, excluding REITS, and weights them by market cap. VYM was launched on Nov 10, 2006 and is managed by Vanguard.