Vanguard Mega Cap ETF (NYSEARCA:MGC) Short Interest Up 151.5% in March

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 68,208 shares, an increase of 151.5% from the February 26th total of 27,118 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 263,982 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 263,982 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Vanguard Mega Cap ETF Price Performance

Shares of MGC traded up $1.36 during mid-day trading on Wednesday, reaching $239.38. The stock had a trading volume of 98,767 shares, compared to its average volume of 162,324. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. The business’s fifty day moving average is $248.80 and its 200 day moving average is $248.20. Vanguard Mega Cap ETF has a 52-week low of $173.32 and a 52-week high of $255.75.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MGC. Kilter Group LLC acquired a new position in shares of Vanguard Mega Cap ETF in the 2nd quarter valued at $26,000. Collier Financial acquired a new stake in shares of Vanguard Mega Cap ETF during the 3rd quarter worth about $37,000. Blue Trust Inc. acquired a new stake in shares of Vanguard Mega Cap ETF during the 4th quarter worth about $48,000. Garton & Associates Financial Advisors LLC purchased a new stake in Vanguard Mega Cap ETF in the 4th quarter valued at about $48,000. Finally, Howe & Rusling Inc. purchased a new stake in Vanguard Mega Cap ETF in the 3rd quarter valued at about $60,000.

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.