Short Interest in Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) Rises By 244.5%

Vanguard Russell 1000 Growth ETF (NASDAQ:VONG) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 477,200 shares, a growth of 244.5% from the February 28th total of 138,500 shares. Based on an average trading volume of 1,352,800 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Vanguard Russell 1000 Growth ETF Price Performance

NASDAQ VONG opened at $92.71 on Friday. The company has a fifty day moving average price of $101.45 and a 200-day moving average price of $100.94. The firm has a market cap of $22.48 billion, a price-to-earnings ratio of 33.19 and a beta of 1.08. Vanguard Russell 1000 Growth ETF has a 1 year low of $81.08 and a 1 year high of $107.97.

Vanguard Russell 1000 Growth ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were paid a $0.1366 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.55 annualized dividend and a yield of 0.59%.

Hedge Funds Weigh In On Vanguard Russell 1000 Growth ETF

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Vanguard Russell 1000 Growth ETF during the fourth quarter valued at approximately $307,101,000. Janney Montgomery Scott LLC purchased a new stake in shares of Vanguard Russell 1000 Growth ETF during the 4th quarter valued at $180,769,000. Castlekeep Investment Advisors LLC bought a new stake in shares of Vanguard Russell 1000 Growth ETF during the 4th quarter worth $130,686,000. Wealthfront Advisers LLC purchased a new position in shares of Vanguard Russell 1000 Growth ETF in the 4th quarter worth about $511,000. Finally, Wells Fargo & Company MN grew its position in Vanguard Russell 1000 Growth ETF by 11.7% during the fourth quarter. Wells Fargo & Company MN now owns 3,695,628 shares of the company’s stock valued at $381,758,000 after buying an additional 386,910 shares during the period.

Vanguard Russell 1000 Growth ETF Company Profile

The Vanguard Russell 1000 Growth ETF (VONG) is an exchange-traded fund that is based on the Russell 1000 Growth index. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with high growth characteristics, based on Russell’s style methodology. VONG was launched on Sep 20, 2010 and is managed by Vanguard.