Vanguard FTSE Developed Markets ETF (NYSEARCA:VEA – Get Free Report) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 8,051,245 shares, a decline of 44.1% from the June 15th total of 14,398,501 shares. Based on an average daily volume of 12,849,743 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.
Vanguard FTSE Developed Markets ETF Price Performance
VEA stock opened at $69.70 on Friday. The firm has a 50 day simple moving average of $70.84 and a two-hundred day simple moving average of $67.95. The stock has a market cap of $225.82 billion, a PE ratio of 16.34 and a beta of 0.83. Vanguard FTSE Developed Markets ETF has a one year low of $55.68 and a one year high of $73.23.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in shares of Vanguard FTSE Developed Markets ETF by 2.1% during the 4th quarter. Bank of America Corp DE now owns 205,758,023 shares of the company’s stock valued at $12,853,704,000 after purchasing an additional 4,289,361 shares during the last quarter. Betterment LLC lifted its position in Vanguard FTSE Developed Markets ETF by 0.8% in the 4th quarter. Betterment LLC now owns 138,588,366 shares of the company’s stock worth $8,657,615,000 after buying an additional 1,140,627 shares during the last quarter. Morgan Stanley lifted its position in Vanguard FTSE Developed Markets ETF by 44.0% in the 4th quarter. Morgan Stanley now owns 90,491,038 shares of the company’s stock worth $5,652,975,000 after buying an additional 27,650,637 shares during the last quarter. Auto Owners Insurance Co boosted its stake in Vanguard FTSE Developed Markets ETF by 6,941.5% in the fourth quarter. Auto Owners Insurance Co now owns 73,636,513 shares of the company’s stock worth $4,600,073,000 after buying an additional 72,590,763 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Vanguard FTSE Developed Markets ETF by 1.3% in the fourth quarter. Wells Fargo & Company MN now owns 64,314,341 shares of the company’s stock worth $4,017,717,000 after buying an additional 848,196 shares in the last quarter.
Vanguard FTSE Developed Markets ETF Company Profile
The Vanguard Developed Markets Index Fund (VEA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap weighted index of large-, mid- and small-cap stocks from developed markets outside the US. VEA was launched on Jul 20, 2007 and is managed by Vanguard.
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