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

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the target of a large increase in short interest in 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. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 263,982 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 263,982 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Vanguard Mega Cap ETF

Several institutional investors have recently modified their holdings of the stock. Orion Porfolio Solutions LLC raised its position in shares of Vanguard Mega Cap ETF by 577.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock worth $235,127,000 after purchasing an additional 891,030 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Vanguard Mega Cap ETF by 99.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,720,955 shares of the company’s stock worth $420,068,000 after buying an additional 857,073 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in Vanguard Mega Cap ETF during the 3rd quarter worth approximately $161,189,000. RiverFront Investment Group LLC increased its stake in Vanguard Mega Cap ETF by 30,480.3% during the 2nd quarter. RiverFront Investment Group LLC now owns 476,135 shares of the company’s stock worth $107,092,000 after buying an additional 474,578 shares in the last quarter. Finally, Procyon Advisors LLC acquired a new position in shares of Vanguard Mega Cap ETF during the third quarter valued at approximately $111,919,000.

Vanguard Mega Cap ETF Stock Performance

Vanguard Mega Cap ETF stock traded up $1.36 during trading on Wednesday, reaching $239.38. The company had a trading volume of 98,767 shares, compared to its average volume of 162,324. The firm’s 50-day simple moving average is $248.80 and its 200 day simple moving average is $248.20. Vanguard Mega Cap ETF has a 1-year low of $173.32 and a 1-year high of $255.75. The firm has a market capitalization of $9.39 billion, a PE ratio of 26.06 and a beta of 1.01.

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.