VanEck Morningstar Global Wide Moat ETF (BATS:MOTG – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 285 shares, an increase of 52.4% from the July 30th total of 187 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 778 shares, the days-to-cover ratio is presently 0.4 days.
VanEck Morningstar Global Wide Moat ETF Price Performance
BATS:MOTG remained flat at $40.33 during mid-day trading on Tuesday. 1,631 shares of the company traded hands, compared to its average volume of 1,296. VanEck Morningstar Global Wide Moat ETF has a 52-week low of $35.86 and a 52-week high of $45.88. The company has a fifty day simple moving average of $39.65 and a two-hundred day simple moving average of $39.03. The firm has a market cap of $16.13 million, a P/E ratio of 21.93 and a beta of 0.88.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. Jane Street Group LLC raised 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 valued at $1,390,000 after purchasing an additional 855 shares during the last quarter. GM Advisory Group LLC lifted its position in 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 valued at $678,000 after purchasing an additional 3,786 shares during the period. JNBA Financial Advisors bought a new position in shares of VanEck Morningstar Global Wide Moat ETF in the 2nd quarter valued at about $561,000. Signature Estate & Investment Advisors LLC grew its position 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 buying an additional 22,452 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of VanEck Morningstar Global Wide Moat ETF during the 2nd quarter worth approximately $1,061,000.
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.
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