VanEck Morningstar Global Wide Moat ETF (BATS:MOTG) Sees Large Decrease in Short Interest

VanEck Morningstar Global Wide Moat ETF (BATS:MOTG) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 187 shares, a decrease of 97.7% from the June 30th total of 8,022 shares. Based on an average daily volume of 2,773 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

VanEck Morningstar Global Wide Moat ETF Trading Up 0.1%

MOTG traded up $0.04 during midday trading on Friday, hitting $38.52. 181 shares of the company were exchanged, compared to its average volume of 1,424. The company’s 50 day simple moving average is $38.45 and its 200 day simple moving average is $38.98. The firm has a market capitalization of $15.41 million, a price-to-earnings ratio of 21.93 and a beta of 0.88. VanEck Morningstar Global Wide Moat ETF has a 1-year low of $35.86 and a 1-year high of $45.88.

Institutional Trading of VanEck Morningstar Global Wide Moat ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP purchased a new position in VanEck Morningstar Global Wide Moat ETF during the third quarter valued at approximately $37,000. Jane Street Group LLC boosted its position in VanEck Morningstar Global Wide Moat ETF by 2.7% in the 2nd quarter. Jane Street Group LLC now owns 32,738 shares of the company’s stock worth $1,390,000 after purchasing an additional 855 shares in the last quarter. GM Advisory Group LLC grew its stake in shares of VanEck Morningstar Global Wide Moat ETF by 26.1% during the 1st quarter. GM Advisory Group LLC now owns 18,303 shares of the company’s stock worth $678,000 after purchasing an additional 3,786 shares during the period. Finally, Signature Estate & Investment Advisors LLC grew its stake in shares of VanEck Morningstar Global Wide Moat ETF by 17.4% during the 4th 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.

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.