Vanguard Financials ETF (NYSEARCA:VFH) Sees Significant Growth in Short Interest

Vanguard Financials ETF (NYSEARCA:VFH) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 349,475 shares, an increase of 23.1% from the January 29th total of 283,859 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 539,640 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 539,640 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

Vanguard Financials ETF Stock Performance

Shares of VFH traded up $0.62 during midday trading on Wednesday, hitting $126.04. 630,896 shares of the stock traded hands, compared to its average volume of 677,855. The business’s 50 day moving average price is $131.33 and its two-hundred day moving average price is $130.49. The firm has a market capitalization of $12.65 billion, a PE ratio of 17.56 and a beta of 1.02. Vanguard Financials ETF has a 1-year low of $100.87 and a 1-year high of $137.89.

Institutional Trading of Vanguard Financials ETF

Several hedge funds have recently added to or reduced their stakes in VFH. Steigerwald Gordon & Koch Inc. acquired a new stake in Vanguard Financials ETF in the third quarter worth about $27,000. Jessup Wealth Management Inc bought a new stake in shares of Vanguard Financials ETF during the 4th quarter worth about $27,000. JDM Financial Group LLC acquired a new stake in shares of Vanguard Financials ETF in the 3rd quarter worth approximately $31,000. Proathlete Wealth Management LLC boosted its holdings in shares of Vanguard Financials ETF by 2,775.0% in the fourth quarter. Proathlete Wealth Management LLC now owns 230 shares of the company’s stock valued at $31,000 after acquiring an additional 222 shares in the last quarter. Finally, First Horizon Corp bought a new position in shares of Vanguard Financials ETF in the third quarter valued at approximately $37,000. Institutional investors own 61.65% of the company’s stock.

About Vanguard Financials ETF

Vanguard Financials ETF (the Fund) is an exchange-traded share class of Vanguard Financials Index Fund. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Investable Market Financials Index, an index of stocks of large, medium and small United States companies in the financials sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies involved in activities, such as banking, mortgage finance, consumer finance, specialized finance, investment banking and brokerage, asset management and custody, corporate lending, insurance, financial investment, and real estate (including real estate investment trusts).