Short Interest in Vanguard Financials ETF (NYSEARCA:VFH) Declines By 27.5%

Vanguard Financials ETF (NYSEARCA:VFH) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 253,297 shares, a drop of 27.5% from the February 12th total of 349,475 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 739,270 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 739,270 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of Vanguard Financials ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in Vanguard Financials ETF by 0.6% in the 4th quarter. Bank of America Corp DE now owns 23,568,647 shares of the company’s stock worth $3,146,179,000 after purchasing an additional 131,154 shares during the period. Morgan Stanley boosted its position in shares of Vanguard Financials ETF by 1.0% during the 4th quarter. Morgan Stanley now owns 3,604,287 shares of the company’s stock valued at $481,137,000 after acquiring an additional 35,705 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Vanguard Financials ETF by 1.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,811,174 shares of the company’s stock worth $241,774,000 after purchasing an additional 27,036 shares in the last quarter. PGIM Custom Harvest LLC increased its position in shares of Vanguard Financials ETF by 2.9% in the third quarter. PGIM Custom Harvest LLC now owns 1,416,698 shares of the company’s stock worth $185,927,000 after purchasing an additional 40,422 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Vanguard Financials ETF by 6.4% in the fourth quarter. Raymond James Financial Inc. now owns 1,236,644 shares of the company’s stock worth $165,080,000 after purchasing an additional 73,925 shares during the last quarter. 61.65% of the stock is currently owned by institutional investors.

Vanguard Financials ETF Stock Performance

Vanguard Financials ETF stock traded up $0.10 during mid-day trading on Friday, reaching $119.23. The company’s stock had a trading volume of 752,470 shares, compared to its average volume of 740,475. The firm’s fifty day moving average price is $129.35 and its two-hundred day moving average price is $130.08. Vanguard Financials ETF has a 12-month low of $100.87 and a 12-month high of $137.89. The company has a market capitalization of $11.96 billion, a P/E ratio of 17.56 and a beta of 1.02.

Vanguard Financials ETF Company Profile

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).