Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) Sees Large Decrease in Short Interest

Vident U.S. Equity Strategy ETF (NYSEARCA:VUSE) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 28,822 shares, a drop of 55.0% from the April 30th total of 64,107 shares. Based on an average trading volume of 8,779 shares, the short-interest ratio is currently 3.3 days. Approximately 0.3% of the company’s shares are sold short.

Vident U.S. Equity Strategy ETF Stock Up 1.0%

Shares of VUSE traded up $0.72 during mid-day trading on Monday, hitting $72.82. The company had a trading volume of 13,061 shares, compared to its average volume of 20,761. The stock has a market cap of $691.79 million, a PE ratio of 25.18 and a beta of 0.93. Vident U.S. Equity Strategy ETF has a 1-year low of $60.13 and a 1-year high of $72.94. The business’s 50-day simple moving average is $67.40 and its 200-day simple moving average is $66.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VUSE. Jones Financial Companies Lllp acquired a new position in Vident U.S. Equity Strategy ETF during the first quarter valued at approximately $46,000. Nova Wealth Management Inc. lifted its position in Vident U.S. Equity Strategy ETF by 283.8% during the fourth quarter. Nova Wealth Management Inc. now owns 1,946 shares of the company’s stock valued at $129,000 after buying an additional 1,439 shares in the last quarter. Strategic Blueprint LLC lifted its position in Vident U.S. Equity Strategy ETF by 10.8% during the fourth quarter. Strategic Blueprint LLC now owns 12,626 shares of the company’s stock valued at $834,000 after buying an additional 1,227 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Vident U.S. Equity Strategy ETF by 8.1% during the first quarter. Goldman Sachs Group Inc. now owns 126,313 shares of the company’s stock worth $7,156,000 after purchasing an additional 9,500 shares in the last quarter.

Vident U.S. Equity Strategy ETF Company Profile

The Vident Core U.S. Equity Fund (VUSE) is an exchange-traded fund that is based on the Vident Core U.S. Stock index. The fund tracks an index of US companies selected and weighted based on a multi-factor model that considers corporate governance, quality, and momentum. VUSE was launched on Jan 22, 2014 and is managed by Vident.