VanEck Morningstar Global Wide Moat ETF (BATS:MOTG) Short Interest Up 376.6% in April

VanEck Morningstar Global Wide Moat ETF (BATS:MOTG) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 7,950 shares, a growth of 376.6% from the April 15th total of 1,668 shares. Based on an average daily volume of 2,084 shares, the short-interest ratio is presently 3.8 days. Approximately 2.0% of the shares of the stock are sold short.

Institutional Trading of VanEck Morningstar Global Wide Moat ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC lifted its holdings in VanEck Morningstar Global Wide Moat ETF by 2.7% in the 2nd quarter. Jane Street Group LLC now owns 32,738 shares of the company’s stock valued at $1,390,000 after purchasing an additional 855 shares in the last quarter. GM Advisory Group LLC lifted its stake in shares of VanEck Morningstar Global Wide Moat ETF by 61.4% during the fourth quarter. GM Advisory Group LLC now owns 14,517 shares of the company’s stock valued at $563,000 after buying an additional 5,522 shares during the period. Signature Estate & Investment Advisors LLC lifted its stake in shares of VanEck Morningstar Global Wide Moat ETF by 17.4% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 151,599 shares of the company’s stock valued at $5,877,000 after buying an additional 22,452 shares during the period. Allworth Financial LP purchased a new position in shares of VanEck Morningstar Global Wide Moat ETF during the 3rd quarter worth $37,000. Finally, CM Wealth Advisors LLC purchased a new position in shares of VanEck Morningstar Global Wide Moat ETF during the 3rd quarter worth $303,000.

VanEck Morningstar Global Wide Moat ETF Stock Performance

MOTG stock opened at $38.58 on Friday. VanEck Morningstar Global Wide Moat ETF has a 1 year low of $35.86 and a 1 year high of $45.88. The stock’s 50 day moving average price is $38.30 and its 200 day moving average price is $40.82. The firm has a market cap of $15.43 million, a P/E ratio of 21.93 and a beta of 0.88.

About VanEck Morningstar Global Wide Moat ETF

The VanEck Morningstar Global Wide Moat ETF (MOTG) is an exchange-traded fund that is based on the Morningstar Global Wide Moat Focus index. The fund tracks a staggered, equal-weighted index of companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage. MOTG was launched on Oct 30, 2021 and is managed by VanEck.