Vanguard Mega Cap ETF (NYSEARCA:MGC) Stock Short Interest Jumps 56.2%

Vanguard Mega Cap ETF (NYSEARCA:MGC) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 20,385 shares, an increase of 56.2% from the August 31st total of 13,051 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 70,305 shares, the short-interest ratio is currently 0.3 days.

Vanguard Mega Cap ETF Stock Up 0.7%

Shares of MGC stock traded up $2.06 during trading hours on Friday, reaching $284.70. 96,739 shares of the company’s stock were exchanged, compared to its average volume of 122,540. Vanguard Mega Cap ETF has a fifty-two week low of $228.37 and a fifty-two week high of $287.52. The stock has a market capitalization of $10.45 billion, a P/E ratio of 26.06 and a beta of 1.02. The business has a fifty day moving average price of $280.52 and a 200-day moving average price of $269.49.

Institutional Trading of Vanguard Mega Cap ETF

A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of Vanguard Mega Cap ETF by 0.4% during the first 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 last quarter. PNC Financial Services Group Inc. increased its stake in Vanguard Mega Cap ETF by 0.9% during the first quarter. PNC Financial Services Group Inc. now owns 437,692 shares of the company’s stock valued at $103,449,000 after acquiring an additional 4,105 shares during the period. One Capital Management LLC raised its holdings in Vanguard Mega Cap ETF by 3.9% in the 4th quarter. One Capital Management LLC now owns 175,968 shares of the company’s stock valued at $44,198,000 after acquiring an additional 6,645 shares in the last quarter. Ieq Capital LLC raised its holdings in Vanguard Mega Cap ETF by 0.4% in the 4th quarter. Ieq Capital LLC now owns 163,346 shares of the company’s stock valued at $41,028,000 after acquiring an additional 699 shares in the last quarter. Finally, Investment Planning Advisors Inc. lifted its position in shares of Vanguard Mega Cap ETF by 11.5% in the 1st quarter. Investment Planning Advisors Inc. now owns 151,958 shares of the company’s stock worth $35,915,000 after acquiring an additional 15,704 shares during the period.

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.