Vanguard Mega Cap ETF (NYSEARCA:MGC) Short Interest Update

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

Vanguard Mega Cap ETF Trading Up 0.4%

Shares of NYSEARCA MGC opened at $280.76 on Thursday. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a twelve month low of $228.37 and a twelve month high of $285.55. The firm has a 50-day moving average of $276.62 and a two-hundred day moving average of $264.39.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC boosted its position in shares of Vanguard Mega Cap ETF by 312.6% in the 1st quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock valued at $1,973,000 after purchasing an additional 7,424 shares during the period. Marshall Wace LLP acquired a new stake in Vanguard Mega Cap ETF during the 2nd quarter worth about $905,000. Raymond James Financial Inc. raised its holdings in Vanguard Mega Cap ETF by 31.8% during the 2nd quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock worth $90,241,000 after buying an additional 96,754 shares during the period. Garden State Investment Advisory Services LLC lifted its stake in Vanguard Mega Cap ETF by 12.4% during the second quarter. Garden State Investment Advisory Services LLC now owns 1,364 shares of the company’s stock valued at $307,000 after buying an additional 150 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its stake in Vanguard Mega Cap ETF by 1.8% during the second quarter. IHT Wealth Management LLC now owns 5,744 shares of the company’s stock valued at $1,292,000 after buying an additional 100 shares in the last quarter.

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.