Vanguard Mega Cap ETF (NYSEARCA:MGC) Short Interest Down 49.3% in May

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 55,600 shares, a drop of 49.3% from the May 15th total of 109,700 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 152,800 shares, the days-to-cover ratio is currently 0.4 days.

Vanguard Mega Cap ETF Stock Down 1.1%

Vanguard Mega Cap ETF stock traded down $2.42 during mid-day trading on Friday, hitting $216.86. The company’s stock had a trading volume of 95,235 shares, compared to its average volume of 104,304. The stock has a market capitalization of $6.91 billion, a P/E ratio of 26.66 and a beta of 1.02. Vanguard Mega Cap ETF has a twelve month low of $173.32 and a twelve month high of $222.75. The stock’s fifty day moving average price is $205.23 and its two-hundred day moving average price is $210.14.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter valued at $259,000. Lord & Richards Wealth Management LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter valued at $535,000. Montag A & Associates Inc. acquired a new stake in shares of Vanguard Mega Cap ETF in the 4th quarter valued at $4,883,000. Principal Securities Inc. lifted its stake in shares of Vanguard Mega Cap ETF by 83.8% in the 4th quarter. Principal Securities Inc. now owns 1,204 shares of the company’s stock valued at $256,000 after purchasing an additional 549 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Vanguard Mega Cap ETF by 335.1% in the 4th quarter. Allworth Financial LP now owns 1,288 shares of the company’s stock valued at $283,000 after purchasing an additional 992 shares during the last quarter.

About Vanguard Mega Cap ETF

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.