Short Interest in Vanguard Mega Cap ETF (NYSEARCA:MGC) Drops By 51.8%

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 14,811 shares, a decline of 51.8% from the June 15th total of 30,718 shares. Based on an average daily trading volume, of 107,364 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

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

Vanguard Mega Cap ETF Stock Performance

Shares of Vanguard Mega Cap ETF stock traded up $1.51 during midday trading on Wednesday, reaching $277.01. 105,961 shares of the company’s stock traded hands, compared to its average volume of 141,337. The stock has a 50 day moving average of $273.34 and a 200-day moving average of $258.12. Vanguard Mega Cap ETF has a 12 month low of $225.44 and a 12 month high of $280.10. The company has a market cap of $10.13 billion, a PE ratio of 26.06 and a beta of 1.01.

Vanguard Mega Cap ETF Company Profile

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.