Short Interest in VanEck Morningstar Wide Moat ETF (BATS:MOAT) Decreases By 39.0%

VanEck Morningstar Wide Moat ETF (BATS:MOAT) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 113,629 shares, a decline of 39.0% from the May 14th total of 186,375 shares. Based on an average trading volume of 863,793 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

VanEck Morningstar Wide Moat ETF Price Performance

Shares of MOAT opened at $102.88 on Monday. VanEck Morningstar Wide Moat ETF has a 12-month low of $90.07 and a 12-month high of $108.10. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02. The stock’s 50-day moving average price is $100.85 and its 200 day moving average price is $102.79.

Hedge Funds Weigh In On VanEck Morningstar Wide Moat ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in MOAT. Brighton Jones LLC bought a new position in VanEck Morningstar Wide Moat ETF during the fourth quarter valued at about $528,000. AQR Capital Management LLC increased its stake in VanEck Morningstar Wide Moat ETF by 16.9% during the first quarter. AQR Capital Management LLC now owns 21,523 shares of the company’s stock valued at $1,894,000 after acquiring an additional 3,107 shares during the period. Goldman Sachs Group Inc. bought a new position in VanEck Morningstar Wide Moat ETF during the first quarter valued at about $1,068,000. Jane Street Group LLC increased its stake in VanEck Morningstar Wide Moat ETF by 125.3% during the first quarter. Jane Street Group LLC now owns 13,835 shares of the company’s stock valued at $1,217,000 after acquiring an additional 7,693 shares during the period. Finally, First Trust Advisors LP increased its stake in VanEck Morningstar Wide Moat ETF by 15.0% during the second quarter. First Trust Advisors LP now owns 3,795 shares of the company’s stock valued at $356,000 after acquiring an additional 494 shares during the period.

VanEck Morningstar Wide Moat ETF Company Profile

The VanEck Morningstar Wide Moat ETF (MOAT) is an exchange-traded fund that is based on the Morningstar Wide Moat Focus 20 index. The fund tracks a staggered, equal-weighted index of 40 US companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage. MOAT was launched on Apr 25, 2012 and is managed by VanEck.