Short Interest in Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Expands By 71.4%

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 335,913 shares, an increase of 71.4% from the February 26th total of 195,962 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,534,307 shares, the days-to-cover ratio is currently 0.2 days.

Vanguard Mortgage-Backed Securities ETF Trading Up 0.1%

VMBS opened at $46.56 on Friday. The firm’s fifty day moving average is $47.24 and its two-hundred day moving average is $47.15. Vanguard Mortgage-Backed Securities ETF has a twelve month low of $44.85 and a twelve month high of $47.90.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.1609 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 3.7% in the fourth quarter. Bank of America Corp DE now owns 59,766,080 shares of the exchange traded fund’s stock worth $2,813,787,000 after acquiring an additional 2,147,360 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,924,140 shares of the exchange traded fund’s stock valued at $2,391,398,000 after purchasing an additional 1,253,241 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 5.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 22,220,955 shares of the exchange traded fund’s stock valued at $1,043,496,000 after purchasing an additional 1,139,467 shares during the period. Bank of New York Mellon Corp grew its position in shares of Vanguard Mortgage-Backed Securities ETF by 1.4% in the 4th quarter. Bank of New York Mellon Corp now owns 10,478,686 shares of the exchange traded fund’s stock valued at $493,337,000 after purchasing an additional 142,443 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Vanguard Mortgage-Backed Securities ETF by 10.3% during the 4th quarter. Wells Fargo & Company MN now owns 9,007,305 shares of the exchange traded fund’s stock worth $424,064,000 after purchasing an additional 843,178 shares in the last quarter.

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). 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).