Vanguard High Dividend Yield ETF (VYM) Short Interest Up 1,349.3% in March

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Vanguard High Dividend Yield ETF (NYSEARCA:VYM) was the target of a significant growth in short interest in March. As of March 29th, there was short interest totalling 3,247,584 shares, a growth of 1,349.3% from the March 15th total of 224,081 shares. Based on an average daily trading volume, of 1,373,310 shares, the days-to-cover ratio is presently 2.4 days.

Vanguard High Dividend Yield ETF stock opened at $87.45 on Tuesday. Vanguard High Dividend Yield ETF has a 52-week low of $73.18 and a 52-week high of $89.47.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 26th were issued a dividend of $0.6516 per share. This represents a $2.61 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend was Monday, March 25th.

Several institutional investors have recently added to or reduced their stakes in VYM. Alliancebernstein L.P. purchased a new stake in shares of Vanguard High Dividend Yield ETF during the third quarter worth $207,000. Janus Henderson Group PLC grew its holdings in shares of Vanguard High Dividend Yield ETF by 66.4% in the third quarter. Janus Henderson Group PLC now owns 13,690 shares of the company’s stock valued at $1,192,000 after purchasing an additional 5,464 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Vanguard High Dividend Yield ETF by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 90,589 shares of the company’s stock valued at $7,889,000 after purchasing an additional 3,736 shares during the period. FMR LLC grew its holdings in shares of Vanguard High Dividend Yield ETF by 3.0% in the third quarter. FMR LLC now owns 66,793 shares of the company’s stock valued at $5,817,000 after purchasing an additional 1,923 shares during the period. Finally, Credit Suisse AG purchased a new stake in shares of Vanguard High Dividend Yield ETF in the third quarter valued at about $1,290,000.

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