VanEck Morningstar Wide Moat Value ETF (BATS:MVAL) Stock Short Interest Jumps 2,700.0%

VanEck Morningstar Wide Moat Value ETF (BATS:MVAL) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 140 shares, an increase of 2,700.0% from the October 15th total of 5 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,279 shares, the short-interest ratio is presently 0.1 days.

VanEck Morningstar Wide Moat Value ETF Trading Down 0.1%

Shares of MVAL stock opened at $41.45 on Wednesday. VanEck Morningstar Wide Moat Value ETF has a 12-month low of $34.51 and a 12-month high of $42.08. The stock has a market capitalization of $3.11 million, a P/E ratio of 18.84 and a beta of 0.57. The firm’s 50 day moving average is $38.28 and its 200 day moving average is $37.46.

Hedge Funds Weigh In On VanEck Morningstar Wide Moat Value ETF

A number of institutional investors and hedge funds have recently modified their holdings of MVAL. Headlands Technologies LLC bought a new stake in shares of VanEck Morningstar Wide Moat Value ETF in the second quarter worth $73,000. Integrated Wealth Concepts LLC purchased a new position in VanEck Morningstar Wide Moat Value ETF in the second quarter worth about $161,000. Citadel Advisors LLC purchased a new position in VanEck Morningstar Wide Moat Value ETF in the second quarter worth about $283,000. Proficio Capital Partners LLC bought a new stake in shares of VanEck Morningstar Wide Moat Value ETF during the 2nd quarter valued at about $1,272,000. Finally, Nan Shan Life Insurance Co. Ltd. bought a new stake in shares of VanEck Morningstar Wide Moat Value ETF during the 2nd quarter valued at about $2,675,000.

About VanEck Morningstar Wide Moat Value ETF

The VanEck Morningstar Wide Moat Value ETF (MVAL) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified equal-weighted index of 30 to 60 value-oriented US stocks that Morningstar determines to be attractively priced and have sustainable competitive advantages. MVAL was launched on Mar 26, 2024 and is issued by VanEck.