Vanguard Materials ETF (NYSEARCA:VAW – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 50,998 shares, a growth of 95.1% from the May 31st total of 26,142 shares. Based on an average daily volume of 63,434 shares, the short-interest ratio is currently 0.8 days. Approximately 0.4% of the shares of the company are sold short.
Institutional Investors Weigh In On Vanguard Materials ETF
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Vanguard Materials ETF during the fourth quarter valued at about $25,000. Godfrey Financial Associates Inc. bought a new position in shares of Vanguard Materials ETF in the fourth quarter worth about $26,000. Parkside Financial Bank & Trust lifted its position in shares of Vanguard Materials ETF by 333.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in shares of Vanguard Materials ETF during the 4th quarter valued at about $30,000. Finally, Howe & Rusling Inc. bought a new position in shares of Vanguard Materials ETF during the 1st quarter valued at approximately $30,000.
Vanguard Materials ETF Trading Up 1.8%
Shares of NYSEARCA VAW opened at $232.63 on Friday. The firm has a 50 day moving average of $231.66 and a 200 day moving average of $228.31. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 23.02 and a beta of 0.96. Vanguard Materials ETF has a 12-month low of $190.29 and a 12-month high of $245.26.
About Vanguard Materials ETF
Vanguard Materials ETF seeks to track the investment performance of the MSCI US Investable Market Materials 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the materials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies in a wide range of commodity-related manufacturing industries. Included within this sector are companies that manufacture chemicals, construction materials, glass, paper, forest products, and related packaging products, as well as metals, minerals, and mining companies, including producers of steel.
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