Applied Finance Valuation Large Cap ETF (NYSEARCA:VSLU) Sees Significant Increase in Short Interest

Applied Finance Valuation Large Cap ETF (NYSEARCA:VSLU) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 290,071 shares, an increase of 295.7% from the October 15th total of 73,302 shares. Based on an average daily trading volume, of 48,282 shares, the days-to-cover ratio is currently 6.0 days. Currently, 2.4% of the company’s stock are short sold.

Applied Finance Valuation Large Cap ETF Stock Performance

Shares of NYSEARCA:VSLU opened at $49.30 on Thursday. The business’s 50 day simple moving average is $49.06 and its two-hundred day simple moving average is $46.50. The firm has a market cap of $591.60 million, a P/E ratio of 25.26 and a beta of 0.94. Applied Finance Valuation Large Cap ETF has a 52-week low of $39.80 and a 52-week high of $50.20.

Institutional Investors Weigh In On Applied Finance Valuation Large Cap ETF

Several hedge funds and other institutional investors have recently modified their holdings of VSLU. Confluence Wealth Services Inc. bought a new position in shares of Applied Finance Valuation Large Cap ETF in the 3rd quarter worth $820,000. BankPlus Trust Department bought a new stake in Applied Finance Valuation Large Cap ETF during the 3rd quarter valued at $890,000. Acima Private Wealth LLC increased its stake in Applied Finance Valuation Large Cap ETF by 12.5% during the 2nd quarter. Acima Private Wealth LLC now owns 312,859 shares of the company’s stock valued at $14,469,000 after purchasing an additional 34,657 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in Applied Finance Valuation Large Cap ETF during the third quarter worth $4,533,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Applied Finance Valuation Large Cap ETF by 58.3% during the first quarter. EverSource Wealth Advisors LLC now owns 500,722 shares of the company’s stock worth $20,935,000 after buying an additional 184,476 shares during the last quarter.

About Applied Finance Valuation Large Cap ETF

The Applied Finance Valuation Large Cap US ETF (VSLU) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund the selects at least 200 stocks globally based on a proprietary valuation driven investment process. VSLU was launched on Apr 29, 2021 and is managed by Applied Finance.