Vanguard U.S. Momentum Factor ETF (BATS:VFMO) Sees Large Drop in Short Interest

Vanguard U.S. Momentum Factor ETF (BATS:VFMO) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 12,912 shares, a decline of 51.0% from the August 15th total of 26,329 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 59,885 shares, the short-interest ratio is currently 0.2 days.

Vanguard U.S. Momentum Factor ETF Trading Down 1.7%

Shares of VFMO opened at $224.73 on Tuesday. The firm’s 50-day moving average is $230.51 and its two-hundred day moving average is $223.90. Vanguard U.S. Momentum Factor ETF has a twelve month low of $174.61 and a twelve month high of $250.20. The firm has a market capitalization of $1.42 billion, a P/E ratio of 22.24 and a beta of 1.08.

Institutional Investors Weigh In On Vanguard U.S. Momentum Factor ETF

Several institutional investors have recently modified their holdings of the company. Ritholtz Wealth Management grew its position in shares of Vanguard U.S. Momentum Factor ETF by 8.6% in the first quarter. Ritholtz Wealth Management now owns 707,199 shares of the company’s stock valued at $139,389,000 after purchasing an additional 56,191 shares during the last quarter. Strategic Financial Services Inc. increased its stake in shares of Vanguard U.S. Momentum Factor ETF by 1.4% during the 4th quarter. Strategic Financial Services Inc. now owns 284,153 shares of the company’s stock worth $58,496,000 after purchasing an additional 3,874 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Vanguard U.S. Momentum Factor ETF by 2.9% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 109,211 shares of the company’s stock worth $21,525,000 after purchasing an additional 3,090 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Vanguard U.S. Momentum Factor ETF by 9.3% during the 2nd quarter. NewEdge Advisors LLC now owns 40,946 shares of the company’s stock worth $10,216,000 after purchasing an additional 3,473 shares during the last quarter. Finally, Armbruster Capital Management Inc. raised its position in shares of Vanguard U.S. Momentum Factor ETF by 10.3% during the 1st quarter. Armbruster Capital Management Inc. now owns 49,616 shares of the company’s stock worth $9,779,000 after purchasing an additional 4,625 shares during the last quarter.

About Vanguard U.S. Momentum Factor ETF

The Vanguard U.S. Momentum Factor ETF (VFMO) is an exchange-traded fund that is based on the MSCI USA Momentum index. Vanguard U.S. Momentum Factor ETF seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor. VFMO was launched on Feb 13, 2018 and is managed by Vanguard.