Short Interest in VanEck Morningstar Wide Moat ETF (BATS:MOAT) Decreases By 39.0%

VanEck Morningstar Wide Moat ETF (BATS:MOAT) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 113,629 shares, a drop of 39.0% from the May 14th total of 186,375 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 863,793 shares, the days-to-cover ratio is currently 0.1 days.

VanEck Morningstar Wide Moat ETF Price Performance

VanEck Morningstar Wide Moat ETF stock opened at $102.88 on Monday. The company has a market capitalization of $13.89 billion, a PE ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a one year low of $90.07 and a one year high of $108.10. The business has a 50 day simple moving average of $100.85 and a 200 day simple moving average of $102.79.

Hedge Funds Weigh In On VanEck Morningstar Wide Moat ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Siligmueller & Norvid Wealth Advisors LLC acquired a new position in VanEck Morningstar Wide Moat ETF during the 3rd quarter worth $1,330,000. Atria Investments Inc lifted its holdings in VanEck Morningstar Wide Moat ETF by 101.3% during the 3rd quarter. Atria Investments Inc now owns 26,545 shares of the company’s stock worth $2,631,000 after buying an additional 13,358 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in VanEck Morningstar Wide Moat ETF by 1,690.5% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 794,616 shares of the company’s stock worth $78,727,000 after buying an additional 750,236 shares in the last quarter. Balance Wealth LLC lifted its holdings in VanEck Morningstar Wide Moat ETF by 102.7% during the 4th quarter. Balance Wealth LLC now owns 11,830 shares of the company’s stock worth $1,225,000 after buying an additional 5,995 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC acquired a new position in VanEck Morningstar Wide Moat ETF during the 4th quarter worth $2,195,000.

About VanEck Morningstar Wide Moat ETF

The VanEck Morningstar Wide Moat ETF (MOAT) is an exchange-traded fund that is based on the Morningstar Wide Moat Focus 20 index. The fund tracks a staggered, equal-weighted index of 40 US companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage. MOAT was launched on Apr 25, 2012 and is managed by VanEck.