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

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

Vanguard Mortgage-Backed Securities ETF Stock Performance

VMBS opened at $45.60 on Friday. The firm has a 50-day moving average of $45.04 and a 200 day moving average of $45.38. Vanguard Mortgage-Backed Securities ETF has a fifty-two week low of $42.06 and a fifty-two week high of $46.59.

Vanguard Mortgage-Backed Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, June 5th. Investors of record on Monday, June 3rd were given a dividend of $0.15 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.80 annualized dividend and a yield of 3.95%. This is a positive change from Vanguard Mortgage-Backed Securities ETF’s previous monthly dividend of $0.15.

Hedge Funds Weigh In On Vanguard Mortgage-Backed Securities ETF

Several institutional investors have recently added to or reduced their stakes in VMBS. Charles Schwab Investment Advisory Inc. boosted its position in Vanguard Mortgage-Backed Securities ETF by 2.2% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 134,995,733 shares of the exchange traded fund’s stock worth $6,157,155,000 after purchasing an additional 2,856,614 shares during the period. Envestnet Asset Management Inc. boosted its position in Vanguard Mortgage-Backed Securities ETF by 7.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,498,487 shares of the exchange traded fund’s stock worth $811,230,000 after purchasing an additional 1,138,921 shares during the period. JPMorgan Chase & Co. boosted its position in Vanguard Mortgage-Backed Securities ETF by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 10,466,869 shares of the exchange traded fund’s stock worth $458,238,000 after purchasing an additional 480,055 shares during the period. Bank of New York Mellon Corp boosted its position in Vanguard Mortgage-Backed Securities ETF by 27.4% during the first quarter. Bank of New York Mellon Corp now owns 9,976,201 shares of the exchange traded fund’s stock worth $455,015,000 after purchasing an additional 2,143,081 shares during the period. Finally, Assetmark Inc. boosted its position in Vanguard Mortgage-Backed Securities ETF by 1.8% during the fourth quarter. Assetmark Inc. now owns 6,303,927 shares of the exchange traded fund’s stock worth $292,250,000 after purchasing an additional 110,739 shares during the period.

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).