Vanguard Communication Services ETF (NYSEARCA:VOX) Sees Significant Decline in Short Interest

Vanguard Communication Services ETF (NYSEARCA:VOX) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 132,373 shares, a drop of 59.7% from the June 30th total of 328,599 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 398,706 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VOX. Core Wealth Advisors LLC bought a new position in Vanguard Communication Services ETF during the fourth quarter valued at $25,000. Main Street Group LTD bought a new stake in shares of Vanguard Communication Services ETF in the 1st quarter worth about $28,000. Godfrey Financial Associates Inc. bought a new stake in shares of Vanguard Communication Services ETF in the 4th quarter worth about $30,000. Reflection Asset Management purchased a new position in shares of Vanguard Communication Services ETF during the 4th quarter worth about $30,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Vanguard Communication Services ETF by 835.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 159 shares of the company’s stock worth $31,000 after purchasing an additional 142 shares during the period.

Vanguard Communication Services ETF Stock Performance

Shares of Vanguard Communication Services ETF stock opened at $179.81 on Monday. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 18.46 and a beta of 1.05. The stock has a 50 day moving average price of $189.28 and a 200-day moving average price of $190.41. Vanguard Communication Services ETF has a one year low of $170.83 and a one year high of $200.77.

About Vanguard Communication Services ETF

Vanguard Telecommunication Services ETF (the Fund) seeks to track the performance of a benchmark index that measures the investment return of telecommunication services stocks. The Fund seeks to track the performance of the MSCI US Investable Market Telecommunication Services 25/50 Index. The MSCI US Investable Market Telecommunication Services 25/50 Index includes stocks of the United States companies within the telecommunication services sector. The sector is made up of companies that provide communications services primarily through fixed-line, cellular, wireless, high-bandwidth, and/or fiber-optic cable networks.