VanEck Morningstar Wide Moat Value ETF (BATS:MVAL) Stock Short Interest Rises 2,700.0%

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

Institutional Investors Weigh In On VanEck Morningstar Wide Moat Value ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new stake in VanEck Morningstar Wide Moat Value ETF in the 2nd quarter valued at about $73,000. Integrated Wealth Concepts LLC bought a new position in shares of VanEck Morningstar Wide Moat Value ETF in the second quarter worth about $161,000. Citadel Advisors LLC bought a new position in shares of VanEck Morningstar Wide Moat Value ETF in the second quarter worth about $283,000. Proficio Capital Partners LLC bought a new position in shares of VanEck Morningstar Wide Moat Value ETF in the second quarter worth about $1,272,000. Finally, Nan Shan Life Insurance Co. Ltd. acquired a new position in shares of VanEck Morningstar Wide Moat Value ETF during the second quarter worth approximately $2,675,000.

VanEck Morningstar Wide Moat Value ETF Price Performance

Shares of BATS:MVAL traded down $0.06 during midday trading on Tuesday, reaching $41.45. The company’s stock had a trading volume of 427 shares, compared to its average volume of 823. VanEck Morningstar Wide Moat Value ETF has a fifty-two week low of $34.51 and a fifty-two week high of $42.08. The company has a market capitalization of $3.11 million, a P/E ratio of 18.84 and a beta of 0.57. The business’s fifty day simple moving average is $38.24 and its 200-day simple moving average is $37.45.

VanEck Morningstar Wide Moat Value ETF Company Profile

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.