Short Interest in Vanguard Mega Cap ETF (NYSEARCA:MGC) Rises By 387.7%

Vanguard Mega Cap ETF (NYSEARCA:MGC) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 30,980 shares, a growth of 387.7% from the March 31st total of 6,352 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 127,257 shares, the short-interest ratio is presently 0.2 days.

Vanguard Mega Cap ETF Trading Up 0.9%

Shares of MGC stock traded up $2.35 on Friday, hitting $261.17. 120,220 shares of the stock were exchanged, compared to its average volume of 162,698. The firm has a market capitalization of $9.35 billion, a P/E ratio of 26.06 and a beta of 1.01. The business has a 50-day moving average of $246.36 and a 200 day moving average of $248.84. Vanguard Mega Cap ETF has a fifty-two week low of $195.68 and a fifty-two week high of $261.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MGC. Collier Financial acquired a new position in Vanguard Mega Cap ETF during the third quarter valued at approximately $37,000. Blue Trust Inc. acquired a new position in Vanguard Mega Cap ETF during the fourth quarter valued at approximately $48,000. Garton & Associates Financial Advisors LLC acquired a new position in Vanguard Mega Cap ETF during the fourth quarter valued at approximately $48,000. Howe & Rusling Inc. acquired a new position in Vanguard Mega Cap ETF during the third quarter valued at approximately $60,000. Finally, Bfsg LLC boosted its position in Vanguard Mega Cap ETF by 1,165.0% during the third quarter. Bfsg LLC now owns 253 shares of the company’s stock valued at $62,000 after purchasing an additional 233 shares during the last quarter.

Vanguard Mega Cap ETF Company Profile

The Vanguard Mega Cap ETF (MGC) is an exchange-traded fund that is based on the CRSP US Mega Cap index, a market-cap-weighted index that covers 70% of the market capitalization of the US equity market. MGC was launched on Dec 24, 2007 and is managed by Vanguard.