VanEck Morningstar Wide Moat Value ETF (BATS:MVAL) Sees Significant Increase in Short Interest

VanEck Morningstar Wide Moat Value ETF (BATS:MVAL) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 44 shares, a growth of 388.9% from the August 31st total of 9 shares. Based on an average daily volume of 386 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On VanEck Morningstar Wide Moat Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in shares of VanEck Morningstar Wide Moat Value ETF during the second quarter valued at approximately $73,000. Integrated Wealth Concepts LLC acquired a new position in VanEck Morningstar Wide Moat Value ETF in the second quarter valued at approximately $161,000. Citadel Advisors LLC acquired a new position in VanEck Morningstar Wide Moat Value ETF in the second quarter valued at approximately $283,000. Proficio Capital Partners LLC purchased a new stake in VanEck Morningstar Wide Moat Value ETF in the 2nd quarter valued at about $1,272,000. Finally, Nan Shan Life Insurance Co. Ltd. acquired a new position in VanEck Morningstar Wide Moat Value ETF in the second quarter valued at about $2,675,000.

VanEck Morningstar Wide Moat Value ETF Stock Performance

Shares of MVAL traded up $0.21 during mid-day trading on Friday, hitting $37.12. 22 shares of the stock were exchanged, compared to its average volume of 797. The firm has a 50-day moving average of $38.43 and a two-hundred day moving average of $36.95. VanEck Morningstar Wide Moat Value ETF has a 52-week low of $33.92 and a 52-week high of $40.20. The company has a market cap of $5.57 million, a PE ratio of 18.54 and a beta of 0.76.

VanEck Morningstar Wide Moat Value ETF Company Profile

The VanEck Morningstar Wide Moat Value ETF (MVAL) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified equal-weighted index of 30 to 60 value-oriented US stocks that Morningstar determines to be attractively priced and have sustainable competitive advantages. MVAL was launched on Mar 26, 2024 and is issued by VanEck.