Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Sees Significant Decrease in Short Interest

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 250,400 shares, a drop of 67.7% from the May 31st total of 776,300 shares. Based on an average daily trading volume, of 1,265,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Harbour Investments Inc. raised its holdings in Vanguard Mortgage-Backed Securities ETF by 9.5% in the third quarter. Harbour Investments Inc. now owns 26,554 shares of the exchange traded fund’s stock valued at $1,163,000 after buying an additional 2,294 shares during the period. Pallas Capital Advisors LLC raised its stake in shares of Vanguard Mortgage-Backed Securities ETF by 18.2% during the fourth quarter. Pallas Capital Advisors LLC now owns 460,795 shares of the exchange traded fund’s stock valued at $21,362,000 after purchasing an additional 70,816 shares during the period. Schmidt P J Investment Management Inc. purchased a new stake in shares of Vanguard Mortgage-Backed Securities ETF during the fourth quarter valued at approximately $390,000. Avaii Wealth Management LLC raised its stake in shares of Vanguard Mortgage-Backed Securities ETF by 12.9% during the fourth quarter. Avaii Wealth Management LLC now owns 6,455 shares of the exchange traded fund’s stock valued at $299,000 after purchasing an additional 737 shares during the period. Finally, Kovitz Investment Group Partners LLC raised its stake in shares of Vanguard Mortgage-Backed Securities ETF by 28.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 141,148 shares of the exchange traded fund’s stock valued at $6,544,000 after purchasing an additional 31,248 shares during the period.

Vanguard Mortgage-Backed Securities ETF Trading Down 0.4 %

NASDAQ VMBS traded down $0.20 during mid-day trading on Friday, hitting $45.40. The company’s stock had a trading volume of 1,297,869 shares, compared to its average volume of 1,505,587. Vanguard Mortgage-Backed Securities ETF has a 52-week low of $42.06 and a 52-week high of $46.59. The stock’s fifty day simple moving average is $45.07 and its two-hundred day simple moving average is $45.38.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Monday, July 1st will be issued a $0.151 dividend. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15. The ex-dividend date is Monday, July 1st. This represents a $1.81 annualized dividend and a yield of 3.99%.

Vanguard Mortgage-Backed Securities ETF Company Profile

Vanguard Mortgage Backed Securities ETF (the Fund) seeks to track the performance of a market-weighted, mortgage-backed securities index. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S. MBS Float Adjusted Index (the Index).