Short Interest in VanEck Morningstar Global Wide Moat ETF (BATS:MOTG) Declines By 97.7%

VanEck Morningstar Global Wide Moat ETF (BATS:MOTG) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 187 shares, a drop of 97.7% from the June 30th total of 8,022 shares. Based on an average daily volume of 2,773 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On VanEck Morningstar Global Wide Moat ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signature Estate & Investment Advisors LLC lifted its stake in shares of VanEck Morningstar Global Wide Moat ETF by 17.4% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 151,599 shares of the company’s stock valued at $5,877,000 after purchasing an additional 22,452 shares during the last quarter. Jane Street Group LLC boosted its stake in VanEck Morningstar Global Wide Moat ETF by 2.7% during the second quarter. Jane Street Group LLC now owns 32,738 shares of the company’s stock worth $1,390,000 after buying an additional 855 shares during the period. GM Advisory Group LLC increased its position in VanEck Morningstar Global Wide Moat ETF by 26.1% during the first quarter. GM Advisory Group LLC now owns 18,303 shares of the company’s stock valued at $678,000 after acquiring an additional 3,786 shares during the last quarter. Finally, Allworth Financial LP purchased a new stake in shares of VanEck Morningstar Global Wide Moat ETF in the third quarter valued at $37,000.

VanEck Morningstar Global Wide Moat ETF Stock Up 0.1%

Shares of BATS:MOTG opened at $38.52 on Friday. The firm has a fifty day simple moving average of $38.46 and a two-hundred day simple moving average of $38.98. VanEck Morningstar Global Wide Moat ETF has a 52 week low of $35.86 and a 52 week high of $45.88. The stock has a market capitalization of $15.41 million, a P/E ratio of 21.93 and a beta of 0.88.

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.