Vanguard Mortgage-Backed Securities Index Fund (NASDAQ:VMBS – Get Rating) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 573,700 shares, a decline of 23.1% from the December 31st total of 745,600 shares. Based on an average daily trading volume, of 1,978,100 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh In On Vanguard Mortgage-Backed Securities Index Fund
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Several institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its position in shares of Vanguard Mortgage-Backed Securities Index Fund by 46.6% in the first quarter. NewEdge Advisors LLC now owns 226,001 shares of the exchange traded fund’s stock valued at $11,323,000 after acquiring an additional 71,796 shares during the period. Prudential Financial Inc. boosted its position in shares of Vanguard Mortgage-Backed Securities Index Fund by 8.4% in the first quarter. Prudential Financial Inc. now owns 160,261 shares of the exchange traded fund’s stock valued at $8,029,000 after acquiring an additional 12,419 shares during the period. KC Investment Advisors LLC boosted its position in shares of Vanguard Mortgage-Backed Securities Index Fund by 4.7% in the first quarter. KC Investment Advisors LLC now owns 5,802 shares of the exchange traded fund’s stock valued at $291,000 after acquiring an additional 258 shares during the period. West Michigan Advisors LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities Index Fund in the first quarter valued at about $425,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Vanguard Mortgage-Backed Securities Index Fund in the first quarter valued at about $183,000.
Vanguard Mortgage-Backed Securities Index Fund Trading Down 0.3 %
NASDAQ VMBS opened at $47.17 on Friday. Vanguard Mortgage-Backed Securities Index Fund has a 12-month low of $43.33 and a 12-month high of $52.10. The firm’s 50 day moving average is $46.35 and its 200-day moving average is $46.44.
Vanguard Mortgage-Backed Securities Index Fund Increases Dividend
The business also recently disclosed a monthly dividend, which was paid on Thursday, December 29th. Shareholders of record on Tuesday, December 27th were issued a $0.115 dividend. This is an increase from Vanguard Mortgage-Backed Securities Index Fund’s previous monthly dividend of $0.10. This represents a $1.38 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Friday, December 23rd.
About Vanguard Mortgage-Backed Securities Index Fund
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).
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