Vanguard Communication Services ETF (NYSEARCA:VOX) Shares Shorted: Short Interest Down 47.9% in September

Vanguard Communication Services ETF (NYSEARCA:VOX) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 89,046 shares, a drop of 47.9% from the August 31st total of 170,797 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 384,920 shares, the days-to-cover ratio is presently 0.2 days.

Vanguard Communication Services ETF Trading Down 0.9%

Shares of NYSEARCA:VOX traded down $1.66 during trading on Thursday, hitting $188.93. 295,090 shares of the company’s stock traded hands, compared to its average volume of 266,078. The company has a 50-day moving average price of $188.22 and a 200-day moving average price of $189.19. Vanguard Communication Services ETF has a 52 week low of $172.37 and a 52 week high of $200.77. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 18.46 and a beta of 1.05.

Hedge Funds Weigh In On Vanguard Communication Services ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its holdings in shares of Vanguard Communication Services ETF by 489.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 674,664 shares of the company’s stock valued at $130,635,000 after purchasing an additional 560,204 shares in the last quarter. Bank of America Corp DE raised its position in Vanguard Communication Services ETF by 12.7% in the 1st quarter. Bank of America Corp DE now owns 2,022,457 shares of the company’s stock valued at $363,719,000 after buying an additional 227,574 shares during the last quarter. Assetmark Inc. lifted its stake in Vanguard Communication Services ETF by 79.2% in the 1st quarter. Assetmark Inc. now owns 342,932 shares of the company’s stock valued at $61,673,000 after acquiring an additional 151,595 shares in the last quarter. Morningstar Investment Management LLC bought a new stake in Vanguard Communication Services ETF in the 1st quarter valued at approximately $16,975,000. Finally, Ameritas Advisory Services LLC boosted its position in Vanguard Communication Services ETF by 75.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 171,378 shares of the company’s stock worth $31,525,000 after acquiring an additional 73,588 shares during the last quarter.

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.