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 large increase in short interest in October. As of October 15th, there was short interest totaling 21,313 shares, an increase of 60.9% from the September 30th total of 13,243 shares. Based on an average trading volume of 56,629 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Trading of Vanguard U.S. Momentum Factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in VFMO. Anderson Hoagland & Co. bought a new stake in Vanguard U.S. Momentum Factor ETF during the third quarter worth $21,771,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in Vanguard U.S. Momentum Factor ETF by 2.9% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 109,211 shares of the company’s stock worth $21,525,000 after purchasing an additional 3,090 shares during the last quarter. NewEdge Advisors LLC boosted its position in Vanguard U.S. Momentum Factor ETF by 9.3% in the second quarter. NewEdge Advisors LLC now owns 40,946 shares of the company’s stock worth $10,216,000 after purchasing an additional 3,473 shares during the last quarter. Hobart Private Capital LLC boosted its position in Vanguard U.S. Momentum Factor ETF by 0.9% in the second quarter. Hobart Private Capital LLC now owns 32,338 shares of the company’s stock worth $8,069,000 after purchasing an additional 292 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in Vanguard U.S. Momentum Factor ETF in the 3rd quarter valued at $7,536,000.

Vanguard U.S. Momentum Factor ETF Trading Up 1.1%

Shares of BATS:VFMO opened at $215.00 on Wednesday. The stock has a market cap of $1.36 billion, a PE ratio of 22.24 and a beta of 1.08. The stock’s fifty day simple moving average is $225.69 and its two-hundred day simple moving average is $221.50. Vanguard U.S. Momentum Factor ETF has a 1-year low of $174.61 and a 1-year high of $250.20.

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.