Short Interest in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Drops By 43.6%

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 1,671,594 shares, a decrease of 43.6% from the May 31st total of 2,965,785 shares. Based on an average daily trading volume, of 1,278,525 shares, the short-interest ratio is currently 1.3 days. Approximately 0.5% of the company’s shares are sold short.

Institutional Trading of Vanguard Mortgage-Backed Securities ETF

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3.7% in the fourth quarter. Bank of America Corp DE now owns 59,766,080 shares of the exchange traded fund’s stock valued at $2,813,787,000 after buying an additional 2,147,360 shares during the period. Bank of New York Mellon Corp lifted its position in Vanguard Mortgage-Backed Securities ETF by 1.4% in the 4th quarter. Bank of New York Mellon Corp now owns 10,478,686 shares of the exchange traded fund’s stock valued at $493,337,000 after acquiring an additional 142,443 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Vanguard Mortgage-Backed Securities ETF by 10.3% in the 4th quarter. Wells Fargo & Company MN now owns 9,007,305 shares of the exchange traded fund’s stock worth $424,064,000 after purchasing an additional 843,178 shares during the period. Assetmark Inc. boosted its stake in Vanguard Mortgage-Backed Securities ETF by 0.7% in the 1st quarter. Assetmark Inc. now owns 8,853,123 shares of the exchange traded fund’s stock worth $415,654,000 after purchasing an additional 60,256 shares during the period. Finally, Stifel Financial Corp boosted its stake in Vanguard Mortgage-Backed Securities ETF by 32.3% in the 4th quarter. Stifel Financial Corp now owns 8,298,375 shares of the exchange traded fund’s stock worth $390,688,000 after purchasing an additional 2,026,709 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

VMBS stock traded down $0.18 during midday trading on Wednesday, hitting $46.63. 205,418 shares of the company’s stock were exchanged, compared to its average volume of 1,634,516. Vanguard Mortgage-Backed Securities ETF has a one year low of $45.69 and a one year high of $47.90. The stock’s fifty day moving average price is $46.74 and its 200-day moving average price is $47.02.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were issued a dividend of $0.1634 per share. This is a boost from Vanguard Mortgage-Backed Securities ETF’s previous dividend of $0.16. The ex-dividend date was Monday, June 1st.

About Vanguard Mortgage-Backed Securities ETF

Vanguard Mortgage Backed Securities ETF (the Fund) seeks to track the performance of a market-weighted, mortgage-backed securities index. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S. MBS Float Adjusted Index (the Index). The Index covers the United States agency mortgage-backed, pass-through securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).