Vanguard Communication Services ETF (NYSEARCA:VOX) Sees Large Decline in Short Interest

Vanguard Communication Services ETF (NYSEARCA:VOX) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 132,373 shares, a decrease of 59.7% from the June 30th total of 328,599 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 398,706 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Vanguard Communication Services ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. raised its holdings in Vanguard Communication Services ETF by 53.8% in the fourth quarter. Assetmark Inc. now owns 191,337 shares of the company’s stock worth $37,049,000 after purchasing an additional 66,915 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of Vanguard Communication Services ETF in the 4th quarter valued at $535,000. Ameritas Advisory Services LLC increased its position in shares of Vanguard Communication Services ETF by 5,825.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 128,828 shares of the company’s stock valued at $24,945,000 after buying an additional 126,654 shares in the last quarter. Cornerstone National Bank & Trust Co acquired a new stake in Vanguard Communication Services ETF during the 4th quarter worth $673,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Vanguard Communication Services ETF by 37.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 137,539 shares of the company’s stock worth $26,632,000 after buying an additional 37,330 shares during the period.

Vanguard Communication Services ETF Stock Performance

NYSEARCA:VOX traded down $0.37 during mid-day trading on Wednesday, hitting $184.76. The company had a trading volume of 47,069 shares, compared to its average volume of 257,535. Vanguard Communication Services ETF has a fifty-two week low of $170.83 and a fifty-two week high of $200.77. The business’s fifty day moving average is $188.78 and its two-hundred day moving average is $190.26. The firm has a market cap of $5.68 billion, a P/E ratio of 18.46 and a beta of 1.05.

Vanguard Communication Services ETF Company Profile

Vanguard Telecommunication Services ETF (the Fund) seeks to track the performance of a benchmark index that measures the investment return of telecommunication services stocks. The Fund seeks to track the performance of the MSCI US Investable Market Telecommunication Services 25/50 Index. The MSCI US Investable Market Telecommunication Services 25/50 Index includes stocks of the United States companies within the telecommunication services sector. The sector is made up of companies that provide communications services primarily through fixed-line, cellular, wireless, high-bandwidth, and/or fiber-optic cable networks.