Shares of the Vanguard Securities Exchange-Traded Fund (NASDAQ:VMBS) were the beneficiaries of a significant drop in short interest in December. As of December 31, there was a short interest of a total of 210,100 shares, down 90.3% from the December 15 total of 2,160,000 shares. Based on an average daily volume of 1,390,400 shares, the ratio of days to coverage is currently 0.2 days.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Fortis Advisors LLC boosted its position in the Vanguard Mortgage-Backed Index Fund ETF by 179.6% during the third quarter. Fortis Advisors LLC now owns 948 shares of ETF stock valued at $51,000 after acquiring an additional 609 shares during the period. The NWK Group Inc. acquired a new stake in stock ETF Vanguard Morted Securities Index Fund during the second quarter valued at approximately $57,000. Newbridge Financial Services Group Inc boosted its position in the Vanguard mortgage-backed index fund ETF shares by 736.7% during the third quarter. The Newbridge Financial Services Group Inc. owns. There are now 1,230 shares of the ETF’s stock valued at $66,000 after acquiring an additional 1,083 shares during the period. Reilly Financial Advisors LLC boosted its position in the Vanguard Mortgage-Backed Index Fund ETF by 1,959.0% during the third quarter. Reilly Financial Advisors LLC now owns 1,256 shares of the ETF’s stock valued at $67,000 after acquiring an additional 1,195 shares during the period. Finally, Sofos Investments Inc. Its position in the ETF shares of the Vanguard Mortgage-Backed Securities Index Fund increased 25.3% during the second quarter. Sofos Investments Inc. owns. Now 1,435 shares of ETF stock are valued at $71,000 after acquiring an additional 290 shares during this period.
VMBS shares opened at $52.08 on Friday. The 50-day moving average is $52.82 and the 200-day moving average is $53.17. Vanguard Mortgage-Backed Securities Index Fund Shares, ETF shares hit a one-year low of $52.07 and a one-year high of $54.13.
The company also recently announced a monthly dividend that was paid on Wednesday, December 29th. A dividend of $0.054 was paid to registered investors on Monday, December 27th. The ex-dividend date was Thursday, December 23rd. This represents a dividend of $0.65 year-over-year and a return of 1.24%. This is a boost from the previous monthly dividend for Vanguard’s mortgage-backed securities index fund of $0.05.
About Vanguard Mortgage-Backed Securities Index Fund Shares
The Vanguard Mortgage Backed Securities ETF (the Fund) seeks to track the performance of the market’s weighted mortgage-backed securities index. The fund uses a passive management or index investing approach designed to track the performance of the Barclays Capital US modified MBS Float Index (the Index).
Further reading: What are the different types of coverage ratios?
This instant news alert was created by narrative science technology and MarketBeat financial data to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should You Invest $1,000 in a Vanguard Mortgage-Backed Index Fund ETF Now?
Before you consider Vanguard Mort’s mortgage-backed ETF stocks, you’ll want to hear it.
MarketBeat tracks the top-rated and best performing research analysts on Wall Street and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market hunts…
While shares of the Vanguard Mortgage-Supported Securities Fund-backed stock index fund currently have an “N/A” rating among analysts, the top-rated analysts believe these five stocks are better buys.
View stock 5 here