Vanguard Materials ETF (NYSEARCA:VAW) Short Interest Update

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

Institutional Investors Weigh In On Vanguard Materials ETF

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its holdings in shares of Vanguard Materials ETF by 1.2% in 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 period. LPL Financial LLC lifted its holdings in Vanguard Materials ETF by 2.5% in the fourth quarter. LPL Financial LLC now owns 295,587 shares of the company’s stock valued at $61,349,000 after acquiring an additional 7,149 shares during the period. The Manufacturers Life Insurance Company boosted its position in Vanguard Materials ETF by 2.1% in the second 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 bought a new stake in shares of Vanguard Materials ETF during the 3rd quarter valued at about $36,562,000. Finally, Raymond James Financial Inc. grew its stake in shares of Vanguard Materials ETF by 36.1% during the 3rd quarter. Raymond James Financial Inc. now owns 162,221 shares of the company’s stock valued at $33,232,000 after purchasing an additional 43,024 shares during the period.

Vanguard Materials ETF Price Performance

Vanguard Materials ETF stock traded down $1.32 during midday trading on Friday, reaching $224.49. 22,557 shares of the company traded hands, compared to its average volume of 79,052. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 23.02 and a beta of 0.96. The business has a 50 day moving average of $230.35 and a two-hundred day moving average of $229.61. Vanguard Materials ETF has a 12 month low of $190.29 and a 12 month high of $245.26.

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.