Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Short Interest Up 89.4% in April

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 3,022,967 shares, a growth of 89.4% from the March 31st total of 1,595,902 shares. Based on an average daily trading volume, of 1,779,190 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.9% of the company’s shares are sold short.

Vanguard Mortgage-Backed Securities ETF Price Performance

Shares of NASDAQ:VMBS opened at $47.12 on Monday. The stock’s 50-day moving average price is $47.15 and its 200-day moving average price is $47.15. Vanguard Mortgage-Backed Securities ETF has a 12-month low of $45.05 and a 12-month high of $47.90.

Vanguard Mortgage-Backed Securities ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.1617 per share. The ex-dividend date of this dividend was Wednesday, April 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VMBS. Brighton Jones LLC grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 4.6% during the fourth quarter. Brighton Jones LLC now owns 7,833 shares of the exchange traded fund’s stock valued at $355,000 after buying an additional 347 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the first quarter worth about $342,000. Focus Partners Wealth bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the first quarter worth about $921,000. Baird Financial Group Inc. bought a new stake in shares of Vanguard Mortgage-Backed Securities ETF in the second quarter worth about $210,000. Finally, Brown Advisory Inc. grew its stake in shares of Vanguard Mortgage-Backed Securities ETF by 26.0% in the second quarter. Brown Advisory Inc. now owns 6,411 shares of the exchange traded fund’s stock worth $297,000 after purchasing an additional 1,323 shares during the last quarter.

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).