Vanguard Russell 1000 (NASDAQ:VONE) Sees 24.5% Decrease in Short Interest

The Vanguard Russell 1000 (NASDAQ:VONE - Get Free Report) experienced a notable decline in short interest for October. As of October 15th, total short interest stood at 20,600 shares, reflecting a significant 24.5% reduction from the 27,300 shares reported at the end of September. With an average daily trading volume of 59,300 shares, the current short-interest ratio is just 0.3 days.

Recent Changes by Hedge Funds

Several large investors have made adjustments to their positions in Vanguard Russell 1000. Waverly Advisors LLC increased its stake by 24.3% in the first quarter, acquiring an additional 68,551 shares for a total of 350,980 shares valued at $83,645,000. In the second quarter, Hilltop Partners LLC raised its holdings by 6.6%, bringing its total to 294,774 shares valued at $72,535,000 after purchasing 18,157 additional shares. Flower City Capital also increased its stake by 5.2% with a total of 203,344 shares worth $50,202,000 after adding 10,101 shares. Raymond James Financial Services Advisors Inc. raised its stake by 1.7% to own 180,088 shares valued at $44,314,000, while Raymond James & Associates boosted its holdings by 3.8% to 168,471 shares worth $41,456,000 after acquiring 6,109 more shares.

VONE Stock Performance

On Friday, VONE stock dipped by $0.18, closing at $262.58. During the trading session, 23,508 shares were exchanged, which is less than the average volume of 61,920. The stock has fluctuated between a fifty-two week low of $185.74 and a high of $265.76. Currently, the fifty-day moving average is at $257.12, and the two-hundred day moving average is $246.99. Vanguard Russell 1000 boasts a market capitalization of $5.22 billion, a price-to-earnings ratio of 24.78, and a beta of 1.02.

Quarterly Dividend Increase

Vanguard Russell 1000 also recently announced an increase in its quarterly dividend, which was distributed on Monday, September 30th. Shareholders who were on record as of Thursday, September 26th received a dividend of $0.824 per share, which translates to an annualized dividend of $3.30 and a yield of 1.26%. This marks an increase from the previous quarterly dividend of $0.81. The ex-dividend date for this payout was also Thursday, September 26th.

About Vanguard Russell 1000

The Vanguard Russell 1000 ETF (VONE) serves as an exchange-traded fund inspired by the Russell 1000 index, which represents a market-cap-weighted index of the 1000 largest U.S. companies. The ETF was launched on September 20, 2010, and is managed by Vanguard.

Vanguard, Stocks, Short