VanEck Morningstar Wide Moat Value ETF (BATS:MVAL) Sees Significant Growth in Short Interest

VanEck Morningstar Wide Moat Value ETF (BATS:MVAL) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 140 shares, an increase of 2,700.0% from the October 15th total of 5 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 1,279 shares, the short-interest ratio is presently 0.1 days.

VanEck Morningstar Wide Moat Value ETF Stock Down 0.4%

Shares of BATS MVAL opened at $41.29 on Thursday. VanEck Morningstar Wide Moat Value ETF has a twelve month low of $34.51 and a twelve month high of $42.08. The company has a 50 day moving average of $38.33 and a 200 day moving average of $37.48. The firm has a market cap of $3.10 million, a P/E ratio of 18.84 and a beta of 0.57.

Hedge Funds Weigh In On VanEck Morningstar Wide Moat Value ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Nan Shan Life Insurance Co. Ltd. bought a new stake in shares of VanEck Morningstar Wide Moat Value ETF during the 2nd quarter valued at about $2,675,000. Proficio Capital Partners LLC bought a new position in shares of VanEck Morningstar Wide Moat Value ETF during the 2nd quarter valued at approximately $1,272,000. Citadel Advisors LLC purchased a new stake in VanEck Morningstar Wide Moat Value ETF during the 2nd quarter valued at $283,000. Integrated Wealth Concepts LLC bought a new stake in VanEck Morningstar Wide Moat Value ETF in the second quarter worth $161,000. Finally, Headlands Technologies LLC purchased a new position in VanEck Morningstar Wide Moat Value ETF during the second quarter worth $73,000.

About VanEck Morningstar Wide Moat Value ETF

The VanEck Morningstar Wide Moat Value ETF (MVAL) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a modified equal-weighted index of 30 to 60 value-oriented US stocks that Morningstar determines to be attractively priced and have sustainable competitive advantages. MVAL was launched on Mar 26, 2024 and is issued by VanEck.