Short Interest in Vanguard International High Dividend Yield ETF (NASDAQ:VYMI) Declines By 28.8%

Vanguard International High Dividend Yield ETF (NASDAQ:VYMI) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 197,400 shares, a decline of 28.8% from the October 31st total of 277,200 shares. Based on an average daily volume of 334,900 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Vanguard International High Dividend Yield ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Abound Wealth Management lifted its stake in Vanguard International High Dividend Yield ETF by 2,684.6% in the 2nd quarter. Abound Wealth Management now owns 362 shares of the company’s stock valued at $25,000 after buying an additional 349 shares in the last quarter. Peoples Bank KS purchased a new stake in shares of Vanguard International High Dividend Yield ETF during the second quarter worth approximately $27,000. Eastern Bank acquired a new position in Vanguard International High Dividend Yield ETF in the 3rd quarter valued at $29,000. Blue Trust Inc. purchased a new position in Vanguard International High Dividend Yield ETF in the 3rd quarter valued at $44,000. Finally, Kimelman & Baird LLC acquired a new stake in Vanguard International High Dividend Yield ETF during the 2nd quarter worth $48,000.

Vanguard International High Dividend Yield ETF Stock Performance

VYMI stock opened at $69.92 on Friday. The firm’s fifty day moving average is $71.58 and its 200 day moving average is $70.74. The firm has a market cap of $7.77 billion, a PE ratio of 9.68 and a beta of 0.81. Vanguard International High Dividend Yield ETF has a one year low of $63.92 and a one year high of $74.28.

Vanguard International High Dividend Yield ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Friday, September 20th were paid a dividend of $0.697 per share. This represents a $2.79 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend was Friday, September 20th.

Vanguard International High Dividend Yield ETF Company Profile

The Vanguard International High Dividend Yield ETF (VYMI) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a market-cap-weighted index of developed and emerging market firms (ex-US) that are expected to pay above average dividends over the next 12 months. VYMI was launched on Feb 25, 2016 and is managed by Vanguard.