Vanguard Energy ETF (NYSEARCA:VDE) Sees Large Drop in Short Interest

Vanguard Energy ETF (NYSEARCA:VDE) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 209,317 shares, a decline of 57.1% from the September 30th total of 488,448 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 543,175 shares, the short-interest ratio is currently 0.4 days.

Vanguard Energy ETF Stock Performance

VDE stock traded up $3.45 during trading on Friday, hitting $195.46. 414,263 shares of the company traded hands, compared to its average volume of 795,122. The firm has a market capitalization of $11.78 billion, a PE ratio of 14.10 and a beta of 0.50. Vanguard Energy ETF has a 1 year low of $122.08 and a 1 year high of $195.80. The company has a 50-day moving average of $182.06 and a 200-day moving average of $165.29.

Hedge Funds Weigh In On Vanguard Energy ETF

A number of hedge funds have recently modified their holdings of the company. Evergreen Capital Management LLC bought a new position in shares of Vanguard Energy ETF during the third quarter valued at approximately $25,069,000. TrueWealth Financial Partners purchased a new position in shares of Vanguard Energy ETF in the 1st quarter valued at $14,706,000. Royal Bank of Canada increased its holdings in shares of Vanguard Energy ETF by 17.6% in the 1st quarter. Royal Bank of Canada now owns 493,318 shares of the company’s stock valued at $85,364,000 after acquiring an additional 73,950 shares during the period. Ameritas Advisory Services LLC raised its position in shares of Vanguard Energy ETF by 43.5% in the 2nd quarter. Ameritas Advisory Services LLC now owns 229,440 shares of the company’s stock worth $34,446,000 after acquiring an additional 69,496 shares in the last quarter. Finally, HWG Holdings LP bought a new position in shares of Vanguard Energy ETF in the 3rd quarter worth $8,202,000.

About Vanguard Energy ETF

Vanguard Energy ETF (the Fund) is an exchange-traded share class of Vanguard Energy 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 Energy Index (the Index), an index of stocks of large, medium and small United States companies in the energy sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies whose businesses are dominated by activities, such as the construction or provision of oil rigs, drilling equipment, and other energy-related service and equipment (such as seismic data collection), or companies engaged in the exploration, production, marketing, refining, and/or transportation of oil and gas products.