VanEck Morningstar Global Wide Moat ETF (BATS:MOTG) Sees Significant Growth in Short Interest

VanEck Morningstar Global Wide Moat ETF (BATS:MOTG) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 7,950 shares, an increase of 376.6% from the April 15th total of 1,668 shares. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 2,084 shares, the days-to-cover ratio is currently 3.8 days.

Hedge Funds Weigh In On VanEck Morningstar Global Wide Moat ETF

A number of hedge funds have recently added to or reduced their stakes in MOTG. Signature Estate & Investment Advisors LLC boosted its holdings in VanEck Morningstar Global Wide Moat ETF by 17.4% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 151,599 shares of the company’s stock worth $5,877,000 after purchasing an additional 22,452 shares during the period. Jane Street Group LLC boosted its holdings in 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 worth $1,012,000 after purchasing an additional 10,707 shares during the period. CM Wealth Advisors LLC acquired a new position in VanEck Morningstar Global Wide Moat ETF in the third quarter worth $303,000. GM Advisory Group LLC boosted its holdings in 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 worth $563,000 after purchasing an additional 5,522 shares during the period. Finally, Allworth Financial LP acquired a new position in VanEck Morningstar Global Wide Moat ETF in the third quarter worth $37,000.

VanEck Morningstar Global Wide Moat ETF Price Performance

VanEck Morningstar Global Wide Moat ETF stock opened at $38.58 on Wednesday. The company has a market cap of $15.43 million, a PE ratio of 21.93 and a beta of 0.88. The company has a fifty day moving average price of $38.34 and a two-hundred day moving average price of $40.92. VanEck Morningstar Global Wide Moat ETF has a 12 month low of $35.86 and a 12 month high of $45.88.

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.