Vanguard Financials ETF (NYSEARCA:VFH – Get Free Report) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 270,680 shares, a decline of 41.3% from the May 31st total of 461,155 shares. Based on an average trading volume of 786,065 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are short sold.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Jessup Wealth Management Inc acquired a new stake in shares of Vanguard Financials ETF during the 4th quarter valued at $27,000. Proathlete Wealth Management LLC increased its stake in shares of Vanguard Financials ETF by 2,775.0% in the fourth quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock worth $31,000 after acquiring an additional 222 shares during the last quarter. SHP Wealth Management acquired a new position in shares of Vanguard Financials ETF in the fourth quarter worth $37,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Vanguard Financials ETF during the fourth quarter worth $39,000. Finally, Evergreen Advisors LLC purchased a new stake in shares of Vanguard Financials ETF during the first quarter worth $42,000. Institutional investors and hedge funds own 61.65% of the company’s stock.
Vanguard Financials ETF Stock Up 2.1%
Shares of VFH traded up $2.75 during trading hours on Wednesday, reaching $134.35. The company’s stock had a trading volume of 466,360 shares, compared to its average volume of 687,874. The company has a 50 day moving average of $128.28 and a two-hundred day moving average of $128.35. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 17.56 and a beta of 0.90. Vanguard Financials ETF has a 1-year low of $116.67 and a 1-year high of $137.89.
About Vanguard Financials ETF
Vanguard Financials ETF (the Fund) is an exchange-traded share class of Vanguard Financials Index Fund. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Investable Market Financials Index, an index of stocks of large, medium and small United States companies in the financials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies involved in activities, such as banking, mortgage finance, consumer finance, specialized finance, investment banking and brokerage, asset management and custody, corporate lending, insurance, financial investment, and real estate (including real estate investment trusts).
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