Short Interest in Vanguard Mega Cap ETF (NYSEARCA:MGC) Decreases By 35.7%

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 37,392 shares, a decrease of 35.7% from the July 30th total of 58,173 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 80,623 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of Vanguard Mega Cap ETF during the 1st quarter valued at about $27,000. Winch Advisory Services LLC purchased a new stake in shares of Vanguard Mega Cap ETF during the first quarter valued at approximately $34,000. Garton & Associates Financial Advisors LLC bought a new stake in Vanguard Mega Cap ETF in the 4th quarter worth $48,000. SHP Wealth Management bought a new stake in shares of Vanguard Mega Cap ETF in the fourth quarter worth about $68,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in shares of Vanguard Mega Cap ETF in the 1st quarter worth approximately $71,000.

Vanguard Mega Cap ETF Trading Down 0.7%

Shares of MGC stock traded down $1.92 during trading on Tuesday, reaching $279.53. 89,607 shares of the company’s stock traded hands, compared to its average volume of 128,093. The company has a market capitalization of $10.23 billion, a P/E ratio of 26.06 and a beta of 1.01. The firm’s 50-day moving average is $276.16 and its 200 day moving average is $263.97. Vanguard Mega Cap ETF has a 1 year low of $228.37 and a 1 year high of $285.55.

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.