Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Short Interest Down 52.7% in May

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 82,632 shares, a decline of 52.7% from the April 30th total of 174,551 shares. Based on an average daily volume of 202,352 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

A number of hedge funds have recently modified their holdings of MGV. Tucker Asset Management LLC acquired a new stake in Vanguard Mega Cap Value ETF during the 4th quarter worth $26,000. Ascentis Independent Advisors acquired a new position in Vanguard Mega Cap Value ETF in the first quarter valued at $26,000. Cornerstone Planning Group LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF in the third quarter valued at about $28,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF in the fourth quarter valued at about $33,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of Vanguard Mega Cap Value ETF during the third quarter worth about $34,000.

Vanguard Mega Cap Value ETF Stock Up 0.9%

NYSEARCA:MGV traded up $1.40 during mid-day trading on Tuesday, reaching $158.70. 182,576 shares of the stock were exchanged, compared to its average volume of 261,800. The company has a 50 day simple moving average of $150.89 and a 200-day simple moving average of $147.29. The stock has a market capitalization of $12.35 billion, a P/E ratio of 18.48 and a beta of 0.73. Vanguard Mega Cap Value ETF has a 1 year low of $126.67 and a 1 year high of $158.88.

Vanguard Mega Cap Value ETF Company Profile

Vanguard Mega Cap Value ETF, formerly Vanguard Mega Cap 300 Value Index ETF, seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization value stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which represents the value companies of the MSCI US Large-Cap 300 Index. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.