Short Interest in Vanguard Financials ETF (NYSEARCA:VFH) Drops By 41.3%

Vanguard Financials ETF (NYSEARCA:VFH) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 270,680 shares, a decline of 41.3% from the May 31st total of 461,155 shares. Based on an average trading volume of 786,065 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On Vanguard Financials ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Money Concepts Capital Corp boosted its position in Vanguard Financials ETF by 4.7% in the 4th quarter. Money Concepts Capital Corp now owns 1,740 shares of the company’s stock valued at $232,000 after buying an additional 78 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Vanguard Financials ETF by 1.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 6,846 shares of the company’s stock valued at $914,000 after purchasing an additional 83 shares during the last quarter. Harbor Asset Planning Inc. lifted its stake in shares of Vanguard Financials ETF by 10.8% during the first quarter. Harbor Asset Planning Inc. now owns 853 shares of the company’s stock worth $103,000 after buying an additional 83 shares during the period. NBC Securities Inc. lifted its holdings in shares of Vanguard Financials ETF by 12.0% during the fourth quarter. NBC Securities Inc. now owns 784 shares of the company’s stock worth $105,000 after purchasing an additional 84 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Vanguard Financials ETF by 19.8% during the 4th quarter. Russell Investments Group Ltd. now owns 550 shares of the company’s stock valued at $73,000 after buying an additional 91 shares during the last quarter. 61.65% of the stock is currently owned by hedge funds and other institutional investors.

Vanguard Financials ETF Trading Up 1.4%

Shares of VFH stock traded up $1.83 on Thursday, reaching $136.18. The company’s stock had a trading volume of 596,410 shares, compared to its average volume of 687,145. The stock’s fifty day simple moving average is $128.52 and its 200-day simple moving average is $128.37. Vanguard Financials ETF has a 1 year low of $116.67 and a 1 year high of $137.89. The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of 17.56 and a beta of 0.90.

Vanguard Financials ETF Company Profile

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).