Vanguard Energy ETF (NYSEARCA:VDE) Stock Short Interest Drops 57.1%

Vanguard Energy ETF (NYSEARCA:VDE) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 209,317 shares, a drop of 57.1% from the September 30th total of 488,448 shares. Based on an average daily trading volume, of 543,175 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Vanguard Energy ETF

Several institutional investors have recently made changes to their positions in the stock. Covestor Ltd lifted its holdings in shares of Vanguard Energy ETF by 2.5% in the third quarter. Covestor Ltd now owns 2,179 shares of the company’s stock worth $375,000 after buying an additional 53 shares in the last quarter. Provenance Wealth Advisors LLC increased its position in Vanguard Energy ETF by 1.9% during the third quarter. Provenance Wealth Advisors LLC now owns 2,993 shares of the company’s stock valued at $515,000 after acquiring an additional 57 shares during the last quarter. Integrity Alliance LLC. bought a new stake in Vanguard Energy ETF during the 3rd quarter valued at $574,000. Garde Capital Inc. raised its holdings in shares of Vanguard Energy ETF by 3.9% during the third quarter. Garde Capital Inc. now owns 3,295 shares of the company’s stock worth $567,000 after purchasing an additional 123 shares during the last quarter. Finally, Next Level Wealth Planning LLC purchased a new stake in shares of Vanguard Energy ETF during the third quarter worth $48,000.

Vanguard Energy ETF Stock Up 1.8%

VDE stock opened at $195.46 on Friday. The business’s 50-day moving average price is $182.06 and its 200-day moving average price is $165.29. Vanguard Energy ETF has a twelve month low of $122.08 and a twelve month high of $195.80. The stock has a market cap of $11.78 billion, a P/E ratio of 14.10 and a beta of 0.50.

About Vanguard Energy ETF

Vanguard Energy ETF (the Fund) is an exchange-traded share class of Vanguard Energy Index Fund. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Investable Market Energy Index (the Index), an index of stocks of large, medium and small United States companies in the energy sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies whose businesses are dominated by activities, such as the construction or provision of oil rigs, drilling equipment, and other energy-related service and equipment (such as seismic data collection), or companies engaged in the exploration, production, marketing, refining, and/or transportation of oil and gas products.