Vanguard Russell 1000 Value ETF (NASDAQ:VONV) Sees Significant Increase in Short Interest

Vanguard Russell 1000 Value ETF (NASDAQ:VONV) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 315,918 shares, a growth of 238.2% from the September 30th total of 93,404 shares. Based on an average daily volume of 841,338 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB bought a new stake in Vanguard Russell 1000 Value ETF during the 3rd quarter worth approximately $41,000. Root Financial Partners LLC bought a new stake in shares of Vanguard Russell 1000 Value ETF during the third quarter worth $50,000. Latitude Advisors LLC bought a new position in shares of Vanguard Russell 1000 Value ETF during the 3rd quarter worth $55,000. Steph & Co. purchased a new stake in Vanguard Russell 1000 Value ETF during the third quarter worth $64,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Vanguard Russell 1000 Value ETF in the 1st quarter worth approximately $66,000.

Vanguard Russell 1000 Value ETF Price Performance

Shares of NASDAQ:VONV opened at $114.39 on Friday. The stock’s 50-day moving average is $111.76 and its 200 day moving average is $104.39. Vanguard Russell 1000 Value ETF has a 1 year low of $87.70 and a 1 year high of $114.39. The company has a market cap of $22.80 billion, a PE ratio of 19.46 and a beta of 0.84.

Vanguard Russell 1000 Value ETF Company Profile

The Vanguard Russell 1000 Value ETF (VONV) is an exchange-traded fund that is based on the Russell 1000 Value index. The fund tracks an index of value stocks selected from the 1,000 largest US companies. VONV was launched on Sep 20, 2010 and is managed by Vanguard.