Loan interest

Short-term interest on Vanguard Mortgage-Backed Securities Index Fund ETF (NASDAQ:VMBS) shares rises 420.2%


Vanguard Mortgage-Backed Securities Index Fund ETF Shares (NASDAQ:VMBS – Get Rating) was the target of strong short-term interest growth in April. As of April 15, there were short interests totaling 2,820,000 shares, a growth of 420.2% from the total of 542,100 shares as of March 31. Based on an average daily volume of 2,412,600 shares, the day-to-cover ratio is currently 1.2 days.

Shares of the Vanguard Mortgage-Backed Securities Index Fund ETF Shares rose $0.06 on Wednesday, hitting $48.65. The company had a trading volume of 128,819 shares, compared to an average volume of 2,357,997. The stock has a 50-day moving average of $50.03 and a 200-day moving average of $51.70. Vanguard Mortgage-Backed Securities Index Fund ETF Shares has a 12-month low of $47.88 and a 12-month high of $53.69.

The company also recently disclosed a monthly dividend, which was paid on Friday, March 4. Investors of record on Wednesday, March 2 received a dividend of $0.069. This is a boost from Vanguard Mortgage-Backed Securities Index Fund ETF Shares’ previous monthly dividend of $0.06. This represents an annualized dividend of $0.83 and a yield of 1.70%. The ex-dividend date was Tuesday, March 1.

A number of hedge funds and other institutional investors have recently changed their positions in the stock. Keel Point LLC increased its holdings of Vanguard Mortgage-Backed Securities Index Fund ETF Shares by 70.4% in the first quarter. Keel Point LLC now owns 20,298 shares of the exchange-traded fund worth $1,017,000 after buying an additional 8,386 shares last quarter. Avantax Advisory Services Inc. increased its holdings of Vanguard Mortgage-Backed Securities Index Fund ETF Shares by 60.9% in the first quarter. Avantax Advisory Services Inc. now owns 36,834 shares of the exchange-traded fund valued at $1,840,000 after purchasing an additional 13,941 shares in the last quarter. Tiedemann Advisors LLC raised its position in Vanguard Mortgage-Backed Securities Index Fund ETF Shares by 9.9% in the first quarter. Tiedemann Advisors LLC now owns 143,627 shares of the exchange-traded fund worth $7,196,000 after purchasing an additional 12,989 shares in the last quarter. Center For Asset Management LLC increased its holdings of Vanguard Mortgage-Backed Securities Index Fund ETF shares by 1.7% in the first quarter. Center For Asset Management LLC now owns 120,643 shares of the exchange-traded fund worth $6,044,000 after buying 2,015 additional shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in Vanguard Mortgage-Backed Securities Index Fund ETF shares by 822.8% in the first quarter. Newbridge Financial Services Group Inc. now owns 1,255 shares of the exchange-traded fund valued at $63,000 after buying an additional 1,119 shares last quarter.

About Vanguard Mortgage-Backed Securities Index Fund ETF Shares (Get a rating)

Vanguard Mortgage Backed Securities ETF (the Fund) seeks to track the performance of a market-weighted index of mortgage-backed securities. The Fund uses a passive management or index investing approach designed to track the performance of the Barclays Capital US MBS Float Adjusted Index (the Index).

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