Short Interest in Vanguard Utilities ETF (NYSEARCA:VPU) Rises By 318.1%
by Scott Moore · The Cerbat GemVanguard Utilities ETF (NYSEARCA:VPU – Get Free Report) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 292,256 shares, a growth of 318.1% from the June 15th total of 69,903 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 225,750 shares, the days-to-cover ratio is currently 1.3 days.
Vanguard Utilities ETF Price Performance
Shares of VPU stock traded up $1.31 during mid-day trading on Monday, hitting $197.48. 163,602 shares of the stock traded hands, compared to its average volume of 258,498. Vanguard Utilities ETF has a 52-week low of $175.94 and a 52-week high of $206.10. The stock has a market cap of $8.74 billion, a P/E ratio of 20.60 and a beta of 0.59. The stock’s fifty day moving average is $194.39 and its two-hundred day moving average is $194.76.
Institutional Investors Weigh In On Vanguard Utilities ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of VPU. Jessup Wealth Management Inc purchased a new stake in shares of Vanguard Utilities ETF during the fourth quarter valued at $27,000. IFC & Insurance Marketing Inc. purchased a new position in Vanguard Utilities ETF in the 4th quarter worth $28,000. Van Den Berg Management I Inc. purchased a new position in Vanguard Utilities ETF in the 1st quarter worth $32,000. Physician Wealth Advisors Inc. purchased a new position in Vanguard Utilities ETF in the 4th quarter worth $31,000. Finally, Kohmann Bosshard Financial Services LLC lifted its position in Vanguard Utilities ETF by 905.9% during the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 171 shares of the company’s stock worth $34,000 after acquiring an additional 154 shares during the period.
Vanguard Utilities ETF Company Profile
Vanguard Utilities ETF (the Fund) is an exchange-traded class of shares issued by Vanguard Utilities Index Fund. The Fund tracks the performance of Morgan Stanley Capital International United States Investable Market Utilities Index, an index made up of stocks of large, medium-size and small United States companies in the utilities sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of those companies considered electric, gas, or water utilities, or companies that operate as independent producers and/or distributors of power.