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

Vanguard U.S. Momentum Factor ETF (BATS:VFMO) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 23,503 shares, a decline of 35.2% from the April 15th total of 36,268 shares. Based on an average trading volume of 52,865 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the shares of the stock are short sold.

Vanguard U.S. Momentum Factor ETF Stock Performance

Shares of VFMO opened at $223.62 on Tuesday. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 22.24 and a beta of 1.08. The stock has a fifty day moving average price of $211.00 and a two-hundred day moving average price of $202.60. Vanguard U.S. Momentum Factor ETF has a 52-week low of $159.72 and a 52-week high of $232.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new stake in Vanguard U.S. Momentum Factor ETF in the 3rd quarter valued at about $27,000. North Star Investment Management Corp. acquired a new position in shares of Vanguard U.S. Momentum Factor ETF during the fourth quarter worth approximately $62,000. PNC Financial Services Group Inc. bought a new stake in shares of Vanguard U.S. Momentum Factor ETF during the fourth quarter valued at approximately $76,000. High Note Wealth LLC bought a new stake in shares of Vanguard U.S. Momentum Factor ETF during the fourth quarter valued at approximately $91,000. Finally, City State Bank increased its holdings in shares of Vanguard U.S. Momentum Factor ETF by 420.0% in the fourth quarter. City State Bank now owns 520 shares of the company’s stock valued at $99,000 after purchasing an additional 420 shares in the last quarter.

Vanguard U.S. Momentum Factor ETF Company Profile

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.