Vanguard Mega Cap ETF (NYSEARCA:MGC) Sees Large Growth in Short Interest

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 20,385 shares, a growth of 56.2% from the August 31st total of 13,051 shares. Based on an average daily trading volume, of 70,305 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MGC. Retirement Financial Solutions LLC purchased a new position in shares of Vanguard Mega Cap ETF during the 4th quarter valued at approximately $11,574,000. Rockefeller Capital Management L.P. boosted its holdings in Vanguard Mega Cap ETF by 20.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 151,253 shares of the company’s stock worth $37,990,000 after buying an additional 25,550 shares in the last quarter. Spartan Wealth Advisory Services LLC acquired a new stake in Vanguard Mega Cap ETF during the first quarter valued at $5,488,000. Macco Financial Group Inc. purchased a new position in Vanguard Mega Cap ETF in the fourth quarter valued at $5,568,000. Finally, NewEdge Advisors LLC increased its holdings in Vanguard Mega Cap ETF by 172.4% in the second quarter. NewEdge Advisors LLC now owns 30,685 shares of the company’s stock valued at $8,397,000 after buying an additional 19,419 shares in the last quarter.

Vanguard Mega Cap ETF Stock Performance

Vanguard Mega Cap ETF stock traded down $0.48 during midday trading on Wednesday, hitting $282.31. 163,669 shares of the company were exchanged, compared to its average volume of 122,861. The business has a fifty day simple moving average of $280.09 and a two-hundred day simple moving average of $268.93. The firm has a market capitalization of $10.36 billion, a PE ratio of 26.06 and a beta of 1.02. Vanguard Mega Cap ETF has a fifty-two week low of $228.37 and a fifty-two week high of $287.52.

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.