Vanguard High Dividend Yield ETF (NYSEARCA:VYM) Short Interest Down 19.8% in January

Vanguard High Dividend Yield ETF (NYSEARCA:VYM) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 694,707 shares, a drop of 19.8% from the December 31st total of 866,684 shares. Based on an average daily trading volume, of 1,751,416 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,751,416 shares, the days-to-cover ratio is currently 0.4 days.

Vanguard High Dividend Yield ETF Stock Performance

VYM traded up $0.60 during trading on Tuesday, reaching $151.63. The company’s stock had a trading volume of 1,074,899 shares, compared to its average volume of 1,659,485. The company’s fifty day moving average price is $146.10 and its 200-day moving average price is $141.58. Vanguard High Dividend Yield ETF has a 52-week low of $112.05 and a 52-week high of $152.41. The company has a market capitalization of $72.87 billion, a price-to-earnings ratio of 17.79 and a beta of 0.79.

Institutional Trading of Vanguard High Dividend Yield ETF

A number of hedge funds have recently added to or reduced their stakes in VYM. Gallagher Fiduciary Advisors LLC raised its stake in shares of Vanguard High Dividend Yield ETF by 12,273.0% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 7,981,687 shares of the company’s stock valued at $1,064,039,000 after purchasing an additional 7,917,178 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in Vanguard High Dividend Yield ETF during the 3rd quarter worth approximately $316,679,000. Rakuten Investment Management Inc. bought a new stake in shares of Vanguard High Dividend Yield ETF during the third quarter worth $199,321,000. Cornerstone Planning Group LLC raised its stake in shares of Vanguard High Dividend Yield ETF by 57,021.7% in the third quarter. Cornerstone Planning Group LLC now owns 526,662 shares of the company’s stock worth $74,233,000 after acquiring an additional 525,740 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Vanguard High Dividend Yield ETF by 493.0% in the 3rd quarter. Wellington Management Group LLP now owns 596,737 shares of the company’s stock valued at $84,110,000 after buying an additional 496,110 shares during the last quarter.

About Vanguard High Dividend Yield ETF

The Vanguard High Dividend Yield Index Fund (VYM) is an exchange-traded fund that is based on the FTSE Custom High Dividend Yield index. The fund tracks the FTSE High Dividend Yield Index. The index selects high-dividend-paying US companies, excluding REITS, and weights them by market cap. VYM was launched on Nov 10, 2006 and is managed by Vanguard.