Vanguard FTSE Europe ETF (NYSEARCA:VGK) Short Interest Up 99.2% in March
by Doug Wharley · The Cerbat GemVanguard FTSE Europe ETF (NYSEARCA:VGK – Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 5,520,411 shares, an increase of 99.2% from the March 15th total of 2,771,443 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average trading volume of 5,962,171 shares, the short-interest ratio is presently 0.9 days.
Vanguard FTSE Europe ETF Stock Performance
VGK traded up $0.30 during midday trading on Friday, reaching $87.06. 2,305,429 shares of the company were exchanged, compared to its average volume of 4,203,035. Vanguard FTSE Europe ETF has a one year low of $66.69 and a one year high of $90.75. The stock has a market capitalization of $30.81 billion, a P/E ratio of 16.04 and a beta of 0.87. The stock’s 50-day simple moving average is $85.70 and its 200 day simple moving average is $83.51.
Hedge Funds Weigh In On Vanguard FTSE Europe ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VGK. JPMorgan Chase & Co. boosted its holdings in Vanguard FTSE Europe ETF by 11.7% during the fourth quarter. JPMorgan Chase & Co. now owns 44,594,011 shares of the exchange traded fund’s stock worth $3,728,505,000 after buying an additional 4,677,424 shares during the last quarter. Bank of America Corp DE raised its stake in Vanguard FTSE Europe ETF by 43.3% in the 2nd quarter. Bank of America Corp DE now owns 3,109,288 shares of the exchange traded fund’s stock valued at $240,970,000 after acquiring an additional 939,927 shares during the period. Alliancebernstein L.P. raised its stake in Vanguard FTSE Europe ETF by 66.8% in the 2nd quarter. Alliancebernstein L.P. now owns 1,851,240 shares of the exchange traded fund’s stock valued at $143,471,000 after acquiring an additional 741,459 shares during the period. Raymond James Financial Inc. grew its holdings in Vanguard FTSE Europe ETF by 155.2% in the 2nd quarter. Raymond James Financial Inc. now owns 867,675 shares of the exchange traded fund’s stock valued at $67,245,000 after buying an additional 527,738 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in Vanguard FTSE Europe ETF in the 4th quarter valued at $38,723,000.
About Vanguard FTSE Europe ETF
Vanguard European Stock Index Fund is an exchange-traded fund. The Fund seeks to track the performance of a benchmark index that measures the investment return of stocks issued by Companies located in the markets of Europe. The Fund on focuses indexing investment approach by investing all, or substantially all, of its assets in the common stocks included in the FTSE Developed Europe All Cap Index. The Fund’s investment advisor is The Vanguard Group, Inc