Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Sees Significant Growth in Short Interest

Vanguard U.S. Momentum Factor ETF (BATS:VFMO) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 21,313 shares, an increase of 60.9% from the September 30th total of 13,243 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 56,629 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Vanguard U.S. Momentum Factor ETF

Several institutional investors and hedge funds have recently modified their holdings of VFMO. IFP Advisors Inc boosted its holdings in shares of Vanguard U.S. Momentum Factor ETF by 3,357.1% during the second quarter. IFP Advisors Inc now owns 3,630 shares of the company’s stock valued at $906,000 after acquiring an additional 3,525 shares during the period. NewEdge Advisors LLC increased its stake in shares of Vanguard U.S. Momentum Factor ETF by 9.3% in the second quarter. NewEdge Advisors LLC now owns 40,946 shares of the company’s stock valued at $10,216,000 after purchasing an additional 3,473 shares during the period. Tidal Investments LLC acquired a new stake in shares of Vanguard U.S. Momentum Factor ETF in the second quarter valued at approximately $1,559,000. Quantinno Capital Management LP raised its holdings in shares of Vanguard U.S. Momentum Factor ETF by 382.0% during the first quarter. Quantinno Capital Management LP now owns 5,881 shares of the company’s stock valued at $1,159,000 after buying an additional 4,661 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Vanguard U.S. Momentum Factor ETF by 418.1% during the first quarter. Royal Bank of Canada now owns 20,818 shares of the company’s stock valued at $4,103,000 after buying an additional 16,800 shares during the last quarter.

Vanguard U.S. Momentum Factor ETF Trading Down 2.1%

VFMO stock opened at $212.72 on Tuesday. The company has a market cap of $1.35 billion, a PE ratio of 22.24 and a beta of 1.08. Vanguard U.S. Momentum Factor ETF has a 12-month low of $174.61 and a 12-month high of $250.20. The stock has a 50-day moving average price of $225.97 and a two-hundred day moving average price of $221.45.

About Vanguard U.S. Momentum Factor ETF

The Vanguard U.S. Momentum Factor ETF (VFMO) is an exchange-traded fund that is based on the MSCI USA Momentum index. Vanguard U.S. Momentum Factor ETF seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. VFMO was launched on Feb 13, 2018 and is managed by Vanguard.