Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Sees Significant Drop in Short Interest

Vanguard High Dividend Yield ETF (NYSEARCA:VYM) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 543,299 shares, a decrease of 53.7% from the May 14th total of 1,174,457 shares. Based on an average daily trading volume, of 1,000,540 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Vanguard High Dividend Yield ETF

A number of hedge funds have recently added to or reduced their stakes in VYM. S&A Financial Services Inc. bought a new stake in Vanguard High Dividend Yield ETF during the first quarter worth approximately $232,000. Rathbones Group PLC bought a new stake in Vanguard High Dividend Yield ETF during the first quarter worth approximately $852,000. Pine Valley Investments Ltd Liability Co boosted its position in Vanguard High Dividend Yield ETF by 9.0% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 4,941 shares of the company’s stock worth $732,000 after purchasing an additional 409 shares during the period. Parallel Advisors LLC boosted its position in Vanguard High Dividend Yield ETF by 0.9% during the first quarter. Parallel Advisors LLC now owns 41,226 shares of the company’s stock worth $6,106,000 after purchasing an additional 351 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Vanguard High Dividend Yield ETF by 1.7% during the first quarter. NewEdge Advisors LLC now owns 337,471 shares of the company’s stock worth $49,979,000 after purchasing an additional 5,644 shares during the period.

Vanguard High Dividend Yield ETF Price Performance

NYSEARCA:VYM traded up $1.28 during mid-day trading on Friday, reaching $160.33. The stock had a trading volume of 1,135,191 shares, compared to its average volume of 1,484,324. The business’s 50 day moving average is $155.81 and its 200 day moving average is $151.10. Vanguard High Dividend Yield ETF has a fifty-two week low of $129.11 and a fifty-two week high of $161.29. The stock has a market cap of $78.64 billion, a P/E ratio of 17.79 and a beta of 0.73.

Vanguard High Dividend Yield ETF Company Profile

Vanguard High Dividend Yield ETF (NYSEARCA: VYM) is an exchange-traded fund designed to track the performance of the FTSE High Dividend Yield Index. The fund seeks to provide exposure to U.S. companies that are forecast to pay above-average dividends, offering investors a diversified way to access income-generating equities.

The ETF primarily invests in large-cap U.S. stocks across a range of sectors, with holdings selected for their dividend characteristics rather than active stock-picking.