Short Interest in Vanguard US Multifactor ETF (BATS:VFMF) Declines By 49.4%

Vanguard US Multifactor ETF (BATS:VFMF) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 22,596 shares, a drop of 49.4% from the April 30th total of 44,689 shares. Based on an average daily volume of 18,158 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.8% of the company’s shares are short sold.

Vanguard US Multifactor ETF Price Performance

VFMF stock opened at $171.65 on Monday. Vanguard US Multifactor ETF has a 52-week low of $129.40 and a 52-week high of $175.52. The stock’s fifty day simple moving average is $163.93 and its 200-day simple moving average is $157.98. The stock has a market capitalization of $458.31 million, a price-to-earnings ratio of 14.32 and a beta of 0.97.

Institutional Investors Weigh In On Vanguard US Multifactor ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. grew its position in Vanguard US Multifactor ETF by 5.2% during the fourth quarter. Harbor Asset Planning Inc. now owns 1,618 shares of the company’s stock valued at $244,000 after acquiring an additional 80 shares during the period. Onyx Bridge Wealth Group LLC grew its position in Vanguard US Multifactor ETF by 0.6% during the third quarter. Onyx Bridge Wealth Group LLC now owns 12,689 shares of the company’s stock valued at $1,831,000 after acquiring an additional 81 shares during the period. Kestra Advisory Services LLC grew its position in Vanguard US Multifactor ETF by 3.7% during the first quarter. Kestra Advisory Services LLC now owns 2,311 shares of the company’s stock valued at $358,000 after acquiring an additional 83 shares during the period. Titleist Asset Management LLC grew its position in Vanguard US Multifactor ETF by 5.7% during the fourth quarter. Titleist Asset Management LLC now owns 1,737 shares of the company’s stock valued at $262,000 after acquiring an additional 94 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its position in Vanguard US Multifactor ETF by 5.2% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 1,984 shares of the company’s stock valued at $299,000 after acquiring an additional 98 shares during the period.

About Vanguard US Multifactor ETF

The Vanguard U.S. Multifactor ETF (VFMF) is an exchange-traded fund that is based on the MSCI USA Diversified Multi-Factor index. The fund is an actively-managed fund that invests in US equities exhibiting value, momentum, quality and low volatility factors. VFMF was launched on Feb 13, 2018 and is managed by Vanguard.