Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Stock Short Interest Jumps 62.6%

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 193,490 shares, a growth of 62.6% from the September 30th total of 119,024 shares. Based on an average trading volume of 863,411 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Vanguard Russell 1000 Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in VONG. Bank of America Corp DE increased its position in shares of Vanguard Russell 1000 Growth ETF by 48.5% during the first quarter. Bank of America Corp DE now owns 76,119,779 shares of the company’s stock valued at $8,349,579,000 after buying an additional 24,863,877 shares during the period. Fifth Third Bancorp boosted its position in shares of Vanguard Russell 1000 Growth ETF by 111.7% in the first quarter. Fifth Third Bancorp now owns 1,247,760 shares of the company’s stock valued at $136,867,000 after acquiring an additional 658,343 shares during the period. Seven Bridges Advisors LLC bought a new position in shares of Vanguard Russell 1000 Growth ETF in the third quarter valued at approximately $68,044,000. Nadler Financial Group Inc. bought a new position in shares of Vanguard Russell 1000 Growth ETF in the third quarter valued at approximately $67,482,000. Finally, Modera Wealth Management LLC purchased a new position in Vanguard Russell 1000 Growth ETF during the third quarter valued at approximately $64,294,000.

Vanguard Russell 1000 Growth ETF Price Performance

Shares of NASDAQ:VONG traded up $0.58 during trading on Monday, hitting $121.67. 475,162 shares of the company were exchanged, compared to its average volume of 1,933,026. The company has a market cap of $44.43 billion, a PE ratio of 33.25 and a beta of 1.16. The stock has a 50 day moving average of $127.28 and a 200 day moving average of $122.97. Vanguard Russell 1000 Growth ETF has a 52-week low of $105.22 and a 52-week high of $133.63.

Vanguard Russell 1000 Growth ETF Company Profile

The Vanguard Russell 1000 Growth ETF (VONG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with high growth characteristics, based on Russell’s style methodology. VONG was launched on Sep 20, 2010 and is managed by Vanguard.