Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Short Interest Down 51.0% in August

Vanguard U.S. Momentum Factor ETF (BATS:VFMOGet Free Report) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 12,912 shares, a decline of 51.0% from the August 15th total of 26,329 shares. Based on an average trading volume of 59,885 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Vanguard U.S. Momentum Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new stake in shares of Vanguard U.S. Momentum Factor ETF during the 1st quarter worth $70,000. High Note Wealth LLC purchased a new position in Vanguard U.S. Momentum Factor ETF in the fourth quarter valued at about $91,000. Baird Financial Group Inc. purchased a new position in Vanguard U.S. Momentum Factor ETF in the second quarter valued at about $216,000. Fulcrum Equity Management bought a new position in Vanguard U.S. Momentum Factor ETF in the second quarter worth about $245,000. Finally, Ameritas Advisory Services LLC bought a new position in Vanguard U.S. Momentum Factor ETF in the second quarter worth about $252,000.

Vanguard U.S. Momentum Factor ETF Price Performance

Shares of VFMO opened at $224.43 on Wednesday. The firm has a market cap of $1.42 billion, a P/E ratio of 22.24 and a beta of 1.08. The stock has a 50 day simple moving average of $230.33 and a two-hundred day simple moving average of $224.00. Vanguard U.S. Momentum Factor ETF has a 1 year low of $174.61 and a 1 year high of $250.20.

About Vanguard U.S. Momentum Factor ETF

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The Vanguard U.S. Momentum Factor ETF (VFMO) is an exchange-traded fund that is based on the MSCI USA Momentum index. Vanguard U.S. Momentum Factor ETF seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. VFMO was launched on Feb 13, 2018 and is managed by Vanguard.

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