Vanguard Financials ETF (NYSEARCA:VFH) Sees Large Decline in Short Interest

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

Vanguard Financials ETF Price Performance

NYSEARCA:VFH opened at $142.63 on Monday. The firm’s fifty day simple moving average is $136.10 and its 200 day simple moving average is $129.45. The stock has a market cap of $13.81 billion, a P/E ratio of 17.56 and a beta of 0.90. Vanguard Financials ETF has a twelve month low of $116.67 and a twelve month high of $143.01.

Institutional Trading of Vanguard Financials ETF

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of Vanguard Financials ETF by 1.6% during the 1st quarter. Bank of America Corp DE now owns 23,948,132 shares of the company’s stock worth $2,893,174,000 after acquiring an additional 379,485 shares during the period. Morgan Stanley lifted its stake in shares of Vanguard Financials ETF by 1.0% in the 4th quarter. Morgan Stanley now owns 3,604,287 shares of the company’s stock valued at $481,137,000 after purchasing an additional 35,705 shares during the period. Wells Fargo & Company MN boosted its position in shares of Vanguard Financials ETF by 1.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,811,174 shares of the company’s stock valued at $241,774,000 after purchasing an additional 27,036 shares in the last quarter. PGIM Custom Harvest LLC grew its stake in Vanguard Financials ETF by 2.9% in the third quarter. PGIM Custom Harvest LLC now owns 1,416,698 shares of the company’s stock worth $185,927,000 after purchasing an additional 40,422 shares during the period. Finally, Raymond James Financial Inc. grew its stake in Vanguard Financials ETF by 6.4% in the fourth quarter. Raymond James Financial Inc. now owns 1,236,644 shares of the company’s stock worth $165,080,000 after purchasing an additional 73,925 shares during the period. 61.65% of the stock is owned by institutional investors.

About Vanguard Financials ETF

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).