Short Interest in Vanguard Mega Cap ETF (NYSEARCA:MGC) Declines By 65.1%

Vanguard Mega Cap ETF (NYSEARCA:MGC) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 13,051 shares, a drop of 65.1% from the August 15th total of 37,392 shares. Based on an average daily volume of 65,980 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of Vanguard Mega Cap ETF

Several large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of Vanguard Mega Cap ETF during the first quarter valued at approximately $27,000. Winch Advisory Services LLC bought a new position in Vanguard Mega Cap ETF in the 1st quarter worth approximately $34,000. SHP Wealth Management acquired a new position in Vanguard Mega Cap ETF during the 4th quarter worth $68,000. Turtle Creek Wealth Advisors LLC acquired a new position in Vanguard Mega Cap ETF during the 1st quarter worth $71,000. Finally, NBT Bank N A NY boosted its position in Vanguard Mega Cap ETF by 49.0% in the 1st quarter. NBT Bank N A NY now owns 374 shares of the company’s stock valued at $88,000 after buying an additional 123 shares during the last quarter.

Vanguard Mega Cap ETF Stock Down 0.4%

Shares of MGC stock traded down $1.24 during trading hours on Monday, reaching $280.01. 69,327 shares of the company’s stock were exchanged, compared to its average volume of 125,485. The stock has a market capitalization of $10.24 billion, a P/E ratio of 26.06 and a beta of 1.02. The business has a fifty day moving average price of $278.09 and a 200-day moving average price of $266.02. Vanguard Mega Cap ETF has a fifty-two week low of $228.37 and a fifty-two week high of $285.55.

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.