VanEck Morningstar Global Wide Moat ETF (BATS:MOTG) Short Interest Up 52.4% in August

VanEck Morningstar Global Wide Moat ETF (BATS:MOTG) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 285 shares, an increase of 52.4% from the July 30th total of 187 shares. Based on an average trading volume of 778 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

VanEck Morningstar Global Wide Moat ETF Price Performance

MOTG remained flat at $40.33 during trading on Tuesday. 1,631 shares of the company’s stock were exchanged, compared to its average volume of 1,296. The firm has a fifty day moving average of $39.65 and a two-hundred day moving average of $39.03. The firm has a market cap of $16.13 million, a price-to-earnings ratio of 21.93 and a beta of 0.88. VanEck Morningstar Global Wide Moat ETF has a 12-month low of $35.86 and a 12-month high of $45.88.

Hedge Funds Weigh In On VanEck Morningstar Global Wide Moat ETF

A number of large investors have recently added to or reduced their stakes in MOTG. GM Advisory Group LLC raised its holdings in shares of VanEck Morningstar Global Wide Moat ETF by 61.4% in the fourth quarter. GM Advisory Group LLC now owns 14,517 shares of the company’s stock valued at $563,000 after purchasing an additional 5,522 shares during the last quarter. JNBA Financial Advisors bought a new position in VanEck Morningstar Global Wide Moat ETF during the 2nd quarter worth $561,000. Jane Street Group LLC raised its position in shares of VanEck Morningstar Global Wide Moat ETF by 69.6% in the fourth quarter. Jane Street Group LLC now owns 26,093 shares of the company’s stock valued at $1,012,000 after buying an additional 10,707 shares in the last quarter. Headlands Technologies LLC bought a new stake in VanEck Morningstar Global Wide Moat ETF during the second quarter worth about $1,061,000. Finally, Signature Estate & Investment Advisors LLC lifted its holdings in shares of VanEck Morningstar Global Wide Moat ETF by 17.4% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 151,599 shares of the company’s stock worth $5,877,000 after acquiring an additional 22,452 shares during the period.

About VanEck Morningstar Global Wide Moat ETF

The VanEck Morningstar Global Wide Moat ETF (MOTG) is an exchange-traded fund that is based on the Morningstar Global Wide Moat Focus index. The fund tracks a staggered, equal-weighted index of companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage. MOTG was launched on Oct 30, 2021 and is managed by VanEck.