Vanguard Information Technology ETF (NYSEARCA:VGT) Sees Large Increase in Short Interest

Vanguard Information Technology ETF (NYSEARCA:VGT) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 517,991 shares, an increase of 23.4% from the January 15th total of 419,615 shares. Based on an average daily volume of 553,258 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 553,258 shares, the short-interest ratio is currently 0.9 days.

Vanguard Information Technology ETF Stock Performance

Shares of VGT opened at $731.08 on Wednesday. Vanguard Information Technology ETF has a 52-week low of $451.00 and a 52-week high of $806.99. The firm has a market cap of $109.40 billion, a price-to-earnings ratio of 34.55 and a beta of 1.25. The business’s fifty day moving average is $753.03 and its 200-day moving average is $742.87.

Institutional Investors Weigh In On Vanguard Information Technology ETF

Hedge funds have recently made changes to their positions in the stock. Kingdom Financial Group LLC. bought a new stake in shares of Vanguard Information Technology ETF during the fourth quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at $30,000. Wells Financial Advisors INC bought a new stake in Vanguard Information Technology ETF during the 4th quarter worth $29,000. China Universal Asset Management Co. Ltd. grew its position in Vanguard Information Technology ETF by 110.5% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 21 shares during the last quarter. Finally, Strategic Advocates LLC acquired a new position in Vanguard Information Technology ETF in the 3rd quarter worth about $30,000.

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.