Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Short Interest Update

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 87,970 shares, a decline of 59.0% from the June 30th total of 214,586 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 270,449 shares, the days-to-cover ratio is presently 0.3 days.

Vanguard Mega Cap Value ETF Stock Up 0.4%

Shares of NYSEARCA:MGV traded up $0.74 during midday trading on Tuesday, hitting $165.42. The stock had a trading volume of 243,287 shares, compared to its average volume of 264,780. Vanguard Mega Cap Value ETF has a fifty-two week low of $128.84 and a fifty-two week high of $166.02. The company has a market capitalization of $13.34 billion, a P/E ratio of 18.48 and a beta of 0.72. The company’s 50-day moving average price is $161.40 and its 200-day moving average price is $153.58.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Merit Financial Group LLC raised its position in Vanguard Mega Cap Value ETF by 51.7% in the fourth quarter. Merit Financial Group LLC now owns 1,261,768 shares of the company’s stock valued at $178,111,000 after purchasing an additional 429,853 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Vanguard Mega Cap Value ETF in the 3rd quarter worth approximately $46,132,000. Strategic Investment Advisors MI lifted its position in shares of Vanguard Mega Cap Value ETF by 3,318,590.0% in the 4th quarter. Strategic Investment Advisors MI now owns 331,869 shares of the company’s stock worth $46,879,000 after purchasing an additional 331,859 shares during the period. Bank of America Corp DE boosted its stake in shares of Vanguard Mega Cap Value ETF by 7.9% in the 2nd quarter. Bank of America Corp DE now owns 4,384,642 shares of the company’s stock valued at $575,265,000 after purchasing an additional 319,194 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Vanguard Mega Cap Value ETF by 2.1% in the 4th quarter. Assetmark Inc. now owns 15,430,686 shares of the company’s stock valued at $2,178,196,000 after purchasing an additional 312,445 shares during the last quarter.

Vanguard Mega Cap Value ETF Company Profile

Vanguard Mega Cap Value ETF, formerly Vanguard Mega Cap 300 Value Index ETF, seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization value stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which represents the value companies of the MSCI US Large-Cap 300 Index. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.