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

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,671,594 shares, a decrease of 43.6% from the May 31st total of 2,965,785 shares. Based on an average trading volume of 1,278,525 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. City State Bank lifted its stake in Vanguard Mortgage-Backed Securities ETF by 0.6% during the fourth quarter. City State Bank now owns 36,957 shares of the exchange traded fund’s stock worth $1,740,000 after purchasing an additional 235 shares during the last quarter. Genesis Private Wealth LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 1.1% during the first quarter. Genesis Private Wealth LLC now owns 20,912 shares of the exchange traded fund’s stock valued at $982,000 after purchasing an additional 237 shares during the last quarter. Maia Wealth LLC increased its stake in Vanguard Mortgage-Backed Securities ETF by 2.6% during the third quarter. Maia Wealth LLC now owns 9,323 shares of the exchange traded fund’s stock valued at $438,000 after purchasing an additional 240 shares during the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3.2% during the fourth quarter. Rehmann Capital Advisory Group now owns 7,931 shares of the exchange traded fund’s stock worth $373,000 after purchasing an additional 243 shares during the period. Finally, Saranac Partners Ltd raised its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.1% during the fourth quarter. Saranac Partners Ltd now owns 11,728 shares of the exchange traded fund’s stock worth $552,000 after purchasing an additional 245 shares during the period.

Vanguard Mortgage-Backed Securities ETF Stock Performance

NASDAQ VMBS opened at $46.61 on Friday. The stock’s 50 day simple moving average is $46.72 and its 200-day simple moving average is $47.01. Vanguard Mortgage-Backed Securities ETF has a 1-year low of $45.69 and a 1-year high of $47.90.

Vanguard Mortgage-Backed Securities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 6th. Investors of record on Wednesday, July 1st will be paid a $0.1645 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, July 1st.

About Vanguard Mortgage-Backed Securities ETF

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). The Index covers the United States agency mortgage-backed, pass-through securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).