Vanguard Russell 1000 (NASDAQ:VONE) Sees Large Growth in Short Interest

Vanguard Russell 1000 (NASDAQ:VONE) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 41,500 shares, a growth of 93.9% from the June 30th total of 21,400 shares. Based on an average daily volume of 54,300 shares, the short-interest ratio is currently 0.8 days.

Vanguard Russell 1000 Stock Up 1.2 %

NASDAQ VONE traded up $3.02 during trading hours on Friday, hitting $247.01. 33,665 shares of the stock were exchanged, compared to its average volume of 63,528. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 24.78 and a beta of 1.02. Vanguard Russell 1000 has a 12-month low of $185.74 and a 12-month high of $255.91. The stock has a 50-day moving average of $245.96 and a 200 day moving average of $235.47.

Vanguard Russell 1000 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Thursday, June 27th were paid a dividend of $0.814 per share. This represents a $3.26 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from Vanguard Russell 1000’s previous quarterly dividend of $0.72. The ex-dividend date was Thursday, June 27th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its stake in shares of Vanguard Russell 1000 by 154.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 135 shares of the company’s stock worth $29,000 after purchasing an additional 82 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Vanguard Russell 1000 during the 4th quarter worth approximately $30,000. Geneos Wealth Management Inc. purchased a new position in shares of Vanguard Russell 1000 during the 1st quarter worth approximately $35,000. West Branch Capital LLC purchased a new position in shares of Vanguard Russell 1000 during the 4th quarter worth approximately $39,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Vanguard Russell 1000 during the 4th quarter worth approximately $108,000.

About Vanguard Russell 1000

The Vanguard Russell 1000 ETF (VONE) is an exchange-traded fund that is based on the Russell 1000 index, a market-cap-weighted index of the 1000 largest US companies. VONE was launched on Sep 20, 2010 and is managed by Vanguard.