Vanguard Information Technology ETF (NYSEARCA:VGT) Sees Significant Growth in Short Interest

Vanguard Information Technology ETF (NYSEARCA:VGT) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 399,155 shares, a growth of 23.1% from the March 31st total of 324,242 shares. Based on an average daily volume of 526,926 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Kingdom Financial Group LLC. purchased a new position in Vanguard Information Technology ETF during the fourth quarter worth approximately $27,000. Wells Financial Advisors INC purchased a new stake in shares of Vanguard Information Technology ETF during the 4th quarter valued at $29,000. Strategic Advocates LLC acquired a new stake in shares of Vanguard Information Technology ETF during the 3rd quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Vanguard Information Technology ETF in the 4th quarter worth $30,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of Vanguard Information Technology ETF in the 3rd quarter worth $31,000.

Vanguard Information Technology ETF Stock Up 1.6%

Shares of NYSEARCA:VGT traded up $1.67 during midday trading on Friday, reaching $104.85. The company’s stock had a trading volume of 3,773,812 shares, compared to its average volume of 4,391,882. The firm has a market cap of $15.77 billion, a price-to-earnings ratio of 34.55 and a beta of 1.31. The business has a 50 day moving average price of $93.19 and a 200 day moving average price of $94.08. Vanguard Information Technology ETF has a 1 year low of $69.23 and a 1 year high of $105.12.

About Vanguard Information Technology ETF

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.