Vanguard Information Technology ETF (NYSEARCA:VGT) Short Interest Down 18.6% in March

Vanguard Information Technology ETF (NYSEARCA:VGT) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 324,242 shares, a decline of 18.6% from the March 15th total of 398,098 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 583,889 shares, the days-to-cover ratio is presently 0.6 days.

Vanguard Information Technology ETF Stock Up 1.5%

Shares of NYSEARCA:VGT traded up $11.98 during trading on Friday, hitting $803.92. The stock had a trading volume of 560,479 shares, compared to its average volume of 550,070. The stock has a 50-day simple moving average of $729.21 and a two-hundred day simple moving average of $748.06. The stock has a market capitalization of $120.92 billion, a price-to-earnings ratio of 34.55 and a beta of 1.26. Vanguard Information Technology ETF has a 12-month low of $484.86 and a 12-month high of $807.50.

Vanguard Information Technology ETF’s stock is going to split on Tuesday, April 21st. The 8-1 split was announced on Thursday, March 26th. The newly issued shares will be distributed to shareholders after the market closes on Monday, April 20th.

Institutional Investors Weigh In On Vanguard Information Technology ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XML Financial LLC grew its holdings in Vanguard Information Technology ETF by 1.1% during the first quarter. XML Financial LLC now owns 36,394 shares of the exchange traded fund’s stock worth $25,393,000 after acquiring an additional 396 shares during the period. Clark Asset Management LLC increased its holdings in shares of Vanguard Information Technology ETF by 25.1% during the 1st quarter. Clark Asset Management LLC now owns 499 shares of the exchange traded fund’s stock valued at $348,000 after purchasing an additional 100 shares in the last quarter. Roble Belko & Company Inc lifted its stake in shares of Vanguard Information Technology ETF by 2,381.0% in the 1st quarter. Roble Belko & Company Inc now owns 1,042 shares of the exchange traded fund’s stock valued at $727,000 after purchasing an additional 1,000 shares during the period. First Merchants Corp boosted its holdings in Vanguard Information Technology ETF by 0.7% during the first quarter. First Merchants Corp now owns 39,254 shares of the exchange traded fund’s stock worth $27,388,000 after buying an additional 286 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Vanguard Information Technology ETF during the first quarter valued at $370,000.

Vanguard Information Technology ETF Company Profile

Vanguard Information Technology ETF seeks to track the investment performance of the MSCI US Investable Market Information Technology 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the information technology sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.