Vanguard Communication Services ETF (NYSEARCA:VOX) Sees Large Increase in Short Interest

Vanguard Communication Services ETF (NYSEARCA:VOX) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 328,599 shares, a growth of 106.6% from the June 15th total of 159,024 shares. Based on an average trading volume of 364,953 shares, the short-interest ratio is presently 0.9 days. Approximately 1.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in Vanguard Communication Services ETF by 12.7% in the 1st quarter. Bank of America Corp DE now owns 2,022,457 shares of the company’s stock worth $363,719,000 after purchasing an additional 227,574 shares during the period. PGIM Custom Harvest LLC boosted its position in Vanguard Communication Services ETF by 1.6% during the third quarter. PGIM Custom Harvest LLC now owns 1,998,409 shares of the company’s stock valued at $375,161,000 after buying an additional 31,530 shares during the period. Morgan Stanley grew its stake in shares of Vanguard Communication Services ETF by 0.9% during the fourth quarter. Morgan Stanley now owns 1,072,900 shares of the company’s stock valued at $207,746,000 after buying an additional 9,795 shares during the last quarter. UBS Group AG grew its stake in shares of Vanguard Communication Services ETF by 0.4% during the fourth quarter. UBS Group AG now owns 712,378 shares of the company’s stock valued at $137,938,000 after buying an additional 2,573 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Vanguard Communication Services ETF by 489.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 674,664 shares of the company’s stock worth $130,635,000 after buying an additional 560,204 shares during the period.

Vanguard Communication Services ETF Stock Performance

VOX stock traded up $3.70 during midday trading on Wednesday, reaching $194.72. 225,761 shares of the company’s stock traded hands, compared to its average volume of 256,450. Vanguard Communication Services ETF has a 52 week low of $168.62 and a 52 week high of $200.77. The company has a 50-day moving average price of $190.85 and a two-hundred day moving average price of $190.81. The firm has a market capitalization of $5.98 billion, a PE ratio of 18.46 and a beta of 1.05.

About Vanguard Communication Services ETF

Vanguard Telecommunication Services ETF (the Fund) seeks to track the performance of a benchmark index that measures the investment return of telecommunication services stocks. The Fund seeks to track the performance of the MSCI US Investable Market Telecommunication Services 25/50 Index. The MSCI US Investable Market Telecommunication Services 25/50 Index includes stocks of the United States companies within the telecommunication services sector. The sector is made up of companies that provide communications services primarily through fixed-line, cellular, wireless, high-bandwidth, and/or fiber-optic cable networks.