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

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 58,173 shares, a growth of 160.9% from the July 15th total of 22,301 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 81,126 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pinnacle Financial Partners Inc. raised its holdings in shares of Vanguard Mega Cap ETF by 1.4% during the 3rd quarter. Pinnacle Financial Partners Inc. now owns 3,089 shares of the company’s stock valued at $754,000 after buying an additional 42 shares during the period. Keystone Financial Group boosted its stake in shares of Vanguard Mega Cap ETF by 2.8% in the third quarter. Keystone Financial Group now owns 1,666 shares of the company’s stock valued at $407,000 after purchasing an additional 46 shares during the period. Whipplewood Advisors LLC grew its holdings in Vanguard Mega Cap ETF by 1.4% during the 1st quarter. Whipplewood Advisors LLC now owns 3,327 shares of the company’s stock valued at $786,000 after purchasing an additional 47 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in Vanguard Mega Cap ETF by 3.0% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 1,690 shares of the company’s stock valued at $424,000 after purchasing an additional 50 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its holdings in Vanguard Mega Cap ETF by 6.4% during the 1st quarter. Princeton Global Asset Management LLC now owns 851 shares of the company’s stock valued at $201,000 after purchasing an additional 51 shares in the last quarter.

Vanguard Mega Cap ETF Stock Up 0.6%

Shares of MGC stock opened at $284.77 on Friday. Vanguard Mega Cap ETF has a fifty-two week low of $228.37 and a fifty-two week high of $285.55. The firm’s 50 day moving average price is $274.00 and its two-hundred day moving average price is $261.57. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01.

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.