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

Vanguard U.S. Momentum Factor ETF (BATS:VFMO) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 111,538 shares, a growth of 187.5% from the June 30th total of 38,801 shares. Based on an average daily trading volume, of 91,099 shares, the short-interest ratio is presently 1.2 days. Approximately 1.8% of the shares of the company are short sold.

Vanguard U.S. Momentum Factor ETF Stock Performance

VFMO stock traded down $1.42 during mid-day trading on Monday, hitting $226.47. The company had a trading volume of 7,887 shares, compared to its average volume of 54,005. The firm has a market cap of $1.43 billion, a PE ratio of 22.24 and a beta of 1.08. Vanguard U.S. Momentum Factor ETF has a 12 month low of $170.02 and a 12 month high of $250.20. The stock’s fifty day moving average price is $234.82 and its two-hundred day moving average price is $217.64.

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

Hedge funds have recently modified their holdings of the stock. MML Investors Services LLC grew its holdings in Vanguard U.S. Momentum Factor ETF by 1.5% during the second quarter. MML Investors Services LLC now owns 3,933 shares of the company’s stock valued at $678,000 after purchasing an additional 57 shares during the period. Principal Securities Inc. raised its stake in shares of Vanguard U.S. Momentum Factor ETF by 1.7% in the fourth quarter. Principal Securities Inc. now owns 3,720 shares of the company’s stock valued at $711,000 after buying an additional 63 shares during the period. AdvisorNet Financial Inc raised its stake in shares of Vanguard U.S. Momentum Factor ETF by 4.0% in the first quarter. AdvisorNet Financial Inc now owns 1,664 shares of the company’s stock valued at $328,000 after buying an additional 64 shares during the period. International Assets Investment Management LLC lifted its position in shares of Vanguard U.S. Momentum Factor ETF by 0.7% during the 1st quarter. International Assets Investment Management LLC now owns 9,348 shares of the company’s stock valued at $1,872,000 after buying an additional 65 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Vanguard U.S. Momentum Factor ETF by 2.3% during the 1st quarter. Royal Bank of Canada now owns 3,776 shares of the company’s stock valued at $573,000 after buying an additional 86 shares during 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.