Short Interest in Vanguard Financials ETF (NYSEARCA:VFH) Drops By 41.3%

Vanguard Financials ETF (NYSEARCA:VFH) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 270,680 shares, a decrease of 41.3% from the May 31st total of 461,155 shares. Based on an average daily trading volume, of 786,065 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are short sold.

Vanguard Financials ETF Stock Performance

NYSEARCA VFH remained flat at $136.18 during mid-day trading on Friday. 596,410 shares of the company were exchanged, compared to its average volume of 687,145. The stock has a market cap of $13.24 billion, a PE ratio of 17.56 and a beta of 0.90. Vanguard Financials ETF has a fifty-two week low of $116.67 and a fifty-two week high of $137.89. The company has a 50 day moving average of $128.52 and a 200 day moving average of $128.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VFH. Jessup Wealth Management Inc bought a new stake in Vanguard Financials ETF in the fourth quarter worth approximately $27,000. Proathlete Wealth Management LLC grew its position in shares of Vanguard Financials ETF by 2,775.0% during the 4th quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock worth $31,000 after buying an additional 222 shares during the period. SHP Wealth Management bought a new stake in shares of Vanguard Financials ETF in the 4th quarter valued at $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Vanguard Financials ETF in the 4th quarter valued at $39,000. Finally, Evergreen Advisors LLC acquired a new position in shares of Vanguard Financials ETF during the 1st quarter valued at $42,000. 61.65% of the stock is owned by institutional investors and hedge funds.

Vanguard Financials ETF Company Profile

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).