Vanguard Information Technology ETF (NYSEARCA:VGT) Short Interest Up 23.1% in April

Vanguard Information Technology ETF (NYSEARCA:VGT) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 399,155 shares, a growth of 23.1% from the March 31st total of 324,242 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 526,926 shares, the days-to-cover ratio is presently 0.8 days.

Vanguard Information Technology ETF Trading Up 1.6%

NYSEARCA:VGT traded up $1.67 during trading hours on Friday, reaching $104.85. 3,773,812 shares of the company traded hands, compared to its average volume of 4,391,882. The business’s 50-day moving average price is $93.19 and its two-hundred day moving average price is $94.08. The stock has a market capitalization of $15.77 billion, a P/E ratio of 34.55 and a beta of 1.31. Vanguard Information Technology ETF has a 1 year low of $69.23 and a 1 year high of $105.12.

Hedge Funds Weigh In On Vanguard Information Technology ETF

Hedge funds have recently bought and sold shares of the company. Kingdom Financial Group LLC. bought a new stake in shares of Vanguard Information Technology ETF in the 4th quarter worth $27,000. Wells Financial Advisors INC bought a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at about $29,000. Strategic Advocates LLC bought a new position in Vanguard Information Technology ETF in the third quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Vanguard Information Technology ETF in the fourth quarter worth approximately $30,000. Finally, First Command Advisory Services Inc. bought a new position in Vanguard Information Technology ETF in the 3rd quarter worth $31,000.

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.