Vanguard Mega Cap ETF (NYSEARCA:MGC) Sees Significant Growth in Short Interest

Vanguard Mega Cap ETF (NYSEARCA:MGC) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 58,173 shares, a growth of 160.9% from the July 15th total of 22,301 shares. Based on an average trading volume of 81,126 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

Vanguard Mega Cap ETF Price Performance

Shares of NYSEARCA:MGC traded down $0.70 during trading on Friday, reaching $284.07. The company had a trading volume of 50,803 shares, compared to its average volume of 132,752. The firm has a market capitalization of $10.39 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. The stock’s fifty day moving average price is $274.27 and its 200 day moving average price is $261.73. Vanguard Mega Cap ETF has a fifty-two week low of $228.37 and a fifty-two week high of $285.55.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of Vanguard Mega Cap ETF by 0.4% in the 1st quarter. Bank of America Corp DE now owns 1,561,792 shares of the company’s stock worth $369,130,000 after acquiring an additional 5,869 shares during the period. Orion Porfolio Solutions LLC increased its stake in shares of Vanguard Mega Cap ETF by 577.3% during the second quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock worth $235,127,000 after acquiring an additional 891,030 shares during the period. Morgan Stanley increased its stake in shares of Vanguard Mega Cap ETF by 3.1% during the fourth quarter. Morgan Stanley now owns 594,721 shares of the company’s stock worth $149,376,000 after acquiring an additional 17,646 shares during the period. Wells Fargo & Company MN raised its holdings in Vanguard Mega Cap ETF by 3.8% during the fourth quarter. Wells Fargo & Company MN now owns 590,775 shares of the company’s stock worth $148,385,000 after purchasing an additional 21,811 shares in the last quarter. Finally, UBS Group AG raised its holdings in Vanguard Mega Cap ETF by 3.4% during the third quarter. UBS Group AG now owns 493,819 shares of the company’s stock worth $120,536,000 after purchasing an additional 16,121 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.