Vanguard Mega Cap ETF (NYSEARCA:MGC) Short Interest Down 35.7% in August

Vanguard Mega Cap ETF (NYSEARCA:MGC) saw a significant decline in short interest in the month of 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. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 80,623 shares, the days-to-cover ratio is presently 0.5 days.

Vanguard Mega Cap ETF Stock Performance

Shares of MGC traded up $1.32 during midday trading on Wednesday, hitting $280.85. 23,784 shares of the stock were exchanged, compared to its average volume of 127,463. Vanguard Mega Cap ETF has a 52-week low of $228.37 and a 52-week high of $285.55. The stock has a fifty day simple moving average of $276.37 and a 200 day simple moving average of $264.16. The firm has a market cap of $10.27 billion, a P/E ratio of 26.06 and a beta of 1.01.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted 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 valued at $369,130,000 after buying 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 buying an additional 891,030 shares during the period. Morgan Stanley raised its holdings in Vanguard Mega Cap ETF by 3.1% in the fourth quarter. Morgan Stanley now owns 594,721 shares of the company’s stock valued at $149,376,000 after acquiring an additional 17,646 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Vanguard Mega Cap ETF by 3.8% in the fourth quarter. Wells Fargo & Company MN now owns 590,775 shares of the company’s stock valued at $148,385,000 after acquiring an additional 21,811 shares in the last quarter. Finally, UBS Group AG lifted its stake in Vanguard Mega Cap ETF by 3.4% in the third quarter. UBS Group AG now owns 493,819 shares of the company’s stock worth $120,536,000 after acquiring an additional 16,121 shares during 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.