Vanguard International High Dividend Yield ETF (NASDAQ:VYMI) Sees Significant Drop in Short Interest

Vanguard International High Dividend Yield ETF (NASDAQ:VYMI) was the target of a large decline in short interest during 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 Inflows and Outflows

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

Vanguard International High Dividend Yield ETF Price Performance

VYMI stock opened at $69.92 on Friday. Vanguard International High Dividend Yield ETF has a 1 year low of $63.92 and a 1 year high of $74.28. The firm has a market capitalization of $7.77 billion, a PE ratio of 9.68 and a beta of 0.81. The business has a 50 day simple moving average of $71.58 and a 200-day simple moving average of $70.74.

Vanguard International High Dividend Yield ETF Cuts Dividend

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