Short Interest in VanEck Morningstar Wide Moat ETF (BATS:MOAT) Drops By 42.8%

VanEck Morningstar Wide Moat ETF (BATS:MOAT) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 95,637 shares, a drop of 42.8% from the June 15th total of 167,256 shares. Based on an average daily volume of 799,354 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of VanEck Morningstar Wide Moat ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MBM Wealth Consultants LLC purchased a new stake in shares of VanEck Morningstar Wide Moat ETF during the 1st quarter worth $25,000. Mcguire Capital Advisors Inc. purchased a new position in VanEck Morningstar Wide Moat ETF in the fourth quarter valued at about $29,000. First Horizon Corp bought a new position in VanEck Morningstar Wide Moat ETF in the fourth quarter worth about $31,000. Russell Investments Group Ltd. raised its holdings in VanEck Morningstar Wide Moat ETF by 60.9% in the fourth quarter. Russell Investments Group Ltd. now owns 296 shares of the company’s stock worth $31,000 after purchasing an additional 112 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of VanEck Morningstar Wide Moat ETF during the fourth quarter valued at about $32,000.

VanEck Morningstar Wide Moat ETF Stock Up 0.3%

Shares of MOAT stock opened at $106.15 on Thursday. The firm has a market cap of $14.33 billion, a price-to-earnings ratio of 22.53 and a beta of 1.02. The company’s 50 day moving average is $102.85 and its 200 day moving average is $102.75. VanEck Morningstar Wide Moat ETF has a 52-week low of $93.96 and a 52-week high of $108.10.

VanEck Morningstar Wide Moat ETF Company Profile

The VanEck Morningstar Wide Moat ETF (MOAT) is an exchange-traded fund that is based on the Morningstar Wide Moat Focus 20 index. The fund tracks a staggered, equal-weighted index of 40 US companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage. MOAT was launched on Apr 25, 2012 and is managed by VanEck.