Vanguard Communication Services ETF (NYSEARCA:VOX) Stock Short Interest Jumps 166.8%

Vanguard Communication Services ETF (NYSEARCA:VOX) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 212,757 shares, an increase of 166.8% from the October 15th total of 79,758 shares. Based on an average trading volume of 566,001 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.7% of the shares of the stock are short sold.

Vanguard Communication Services ETF Stock Performance

Vanguard Communication Services ETF stock opened at $181.99 on Friday. The stock has a market capitalization of $5.72 billion, a P/E ratio of 16.63 and a beta of 1.09. The company’s fifty day moving average price is $187.28 and its 200 day moving average price is $188.87. Vanguard Communication Services ETF has a 1 year low of $170.25 and a 1 year high of $200.77.

Hedge Funds Weigh In On Vanguard Communication Services ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Main Street Group LTD purchased a new stake in Vanguard Communication Services ETF in the 1st quarter valued at $28,000. Cornerstone Planning Group LLC raised its holdings in shares of Vanguard Communication Services ETF by 835.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 159 shares of the company’s stock worth $31,000 after acquiring an additional 142 shares during the period. Jacobi Capital Management LLC purchased a new position in shares of Vanguard Communication Services ETF during the 3rd quarter worth $31,000. Next Level Wealth Planning LLC purchased a new position in shares of Vanguard Communication Services ETF during the 3rd quarter worth $39,000. Finally, Continuum Advisory LLC acquired a new position in shares of Vanguard Communication Services ETF during the 2nd quarter valued at about $42,000.

About Vanguard Communication Services ETF

Vanguard Telecommunication Services ETF (the Fund) seeks to track the performance of a benchmark index that measures the investment return of telecommunication services stocks. The Fund seeks to track the performance of the MSCI US Investable Market Telecommunication Services 25/50 Index. The MSCI US Investable Market Telecommunication Services 25/50 Index includes stocks of the United States companies within the telecommunication services sector. The sector is made up of companies that provide communications services primarily through fixed-line, cellular, wireless, high-bandwidth, and/or fiber-optic cable networks.