Vanguard Financials ETF (NYSEARCA:VFH) Sees Significant Drop in Short Interest

Vanguard Financials ETF (NYSEARCA:VFH) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 174,017 shares, a decline of 42.3% from the July 15th total of 301,613 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 433,328 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Vanguard Financials ETF

A number of institutional investors have recently modified their holdings of the stock. Jessup Wealth Management Inc bought a new stake in shares of Vanguard Financials ETF during the fourth quarter valued at approximately $27,000. Proathlete Wealth Management LLC lifted its holdings in Vanguard Financials ETF by 2,775.0% during the 4th quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock worth $31,000 after buying an additional 222 shares in the last quarter. SHP Wealth Management bought a new position in Vanguard Financials ETF in the 4th quarter valued at $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Vanguard Financials ETF in the 4th quarter valued at $39,000. Finally, Evergreen Advisors LLC acquired a new stake in shares of Vanguard Financials ETF in the 1st quarter valued at $42,000. 61.65% of the stock is owned by institutional investors.

Vanguard Financials ETF Price Performance

Shares of NYSEARCA:VFH traded up $0.40 during midday trading on Tuesday, reaching $141.56. The company’s stock had a trading volume of 418,961 shares, compared to its average volume of 641,733. The business’s fifty day simple moving average is $136.64 and its 200-day simple moving average is $129.61. Vanguard Financials ETF has a fifty-two week low of $116.67 and a fifty-two week high of $143.01. The company has a market capitalization of $13.71 billion, a P/E ratio of 17.56 and a beta of 0.90.

Vanguard Financials ETF Company Profile

Vanguard Financials ETF (the Fund) is an exchange-traded share class of Vanguard Financials 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 Financials Index, an index of stocks of large, medium and small United States companies in the financials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies involved in activities, such as banking, mortgage finance, consumer finance, specialized finance, investment banking and brokerage, asset management and custody, corporate lending, insurance, financial investment, and real estate (including real estate investment trusts).