Vanguard International High Dividend Yield ETF Experiences Noteworthy Growth in Short Interest

The Vanguard International High Dividend Yield ETF, commonly recognized by its NASDAQ ticker VYMI, has witnessed a substantial swell in short interest during the month of December. The numbers display a stark increase, with short interest reaching 317,100 shares as of the end of December, marking a sharp 95.5% rise from the 162,200 shares recorded mid-month, on December 15th. When contemplating the average volume of shares traded, which stands at 398,700, the short-interest ratio stands at roughly 0.8 days.

Institutional Investors Adjust Stakes in VYMI

In recent times, a series of notable investors have made adjustments to their investments in VYMI. For example, Orgel Wealth Management LLC made an impressive move by expanding its share holdings by an overwhelming 11,040.2% in the second quarter, now owning 2,156,512 shares with a value of approximately $136,292,000 following the additional acquisition of 2,137,154 shares. UBS Group AG also stepped up its investment in VYMI, increasing its share ownership by 242.5% during the first quarter, bringing its total to 1,042,878 shares worth around $70,519,000 after adding a further 738,345 shares to its portfolio. Morgan Stanley too saw a boost in its shares, enhancing its position by 21.9% in the fourth quarter, with a total of 3,804,334 shares valued at $226,624,000 after an increase of 684,660 shares. Additionally, MCIA Inc doubled down on its commitment to VYMI with an increase of 132.5% during the second quarter, presently holding 1,027,537 shares valued at $67,098,000 following the purchase of an additional 585,641 shares. Envestnet Portfolio Solutions Inc. also joined in, initiating a new position during the third quarter with an investment valued at $15,796,000.

Trends in VYMI's Market Price

VYMI's shares commenced trading at $66.07 on a recent Friday. The ETF has had a year of fluctuation, with its lowest share price being $58.57 and peaking at a 52-week high of $66.74. VYMI boasts a market capitalization of $6.97 billion, a price-to-earnings (P/E) ratio of 8.30, and a beta of 0.81. It also follows a fifty-day moving average of $64.60 and a two-hundred-day moving average of $63.42.

VYMI Announces Quarterly Dividend

In a nod to its investors, the ETF recently announced a quarterly dividend, which was distributed on Thursday, December 21st. Shareholders recorded as of Tuesday, December 19th received a dividend of $0.8644 per share, which annually totals $3.46 and yields a dividend of 5.23%. Moreover, the ex-dividend date was set for Monday, December 18th.

An Overview of Vanguard International High Dividend Yield ETF

The Vanguard International High Dividend Yield ETF (VYMI) is designed to predominantly invest in a diversified portfolio of high-dividend-yielding equity securities outside of the United States. The ETF follows a market-cap-weighted index that focuses on developed and emerging market companies expected to pay higher than average dividends over the next year. Established on February 25, 2016, VYMI is managed by the reputable investment management company Vanguard.

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