Vanguard Mega Cap ETF (NYSEARCA:MGC) Shares Shorted: Short Interest Up 56.2% in September

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the target of a large increase in short interest during 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 sold short. Based on an average daily volume of 70,305 shares, the days-to-cover ratio is presently 0.3 days.

Vanguard Mega Cap ETF Price Performance

NYSEARCA:MGC traded up $0.33 during midday trading on Thursday, hitting $282.64. The company’s stock had a trading volume of 94,409 shares, compared to its average volume of 122,709. Vanguard Mega Cap ETF has a fifty-two week low of $228.37 and a fifty-two week high of $287.52. The firm’s 50 day moving average is $280.26 and its 200-day moving average is $269.20. The firm has a market cap of $10.38 billion, a P/E ratio of 26.06 and a beta of 1.02.

Institutional Trading of Vanguard Mega Cap ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its stake in shares of Vanguard Mega Cap ETF by 0.4% during 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 last quarter. PNC Financial Services Group Inc. grew its holdings 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 worth $103,449,000 after acquiring an additional 4,105 shares during the period. One Capital Management LLC lifted its holdings in Vanguard Mega Cap ETF by 3.9% in the fourth 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 during the period. Ieq Capital LLC boosted its position 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 worth $41,028,000 after purchasing an additional 699 shares in the last quarter. Finally, Investment Planning Advisors Inc. grew its stake in shares of Vanguard Mega Cap ETF by 11.5% during the 1st quarter. Investment Planning Advisors Inc. now owns 151,958 shares of the company’s stock worth $35,915,000 after purchasing an additional 15,704 shares during the period.

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.