Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Short Interest Up 49.0% in December

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 202,645 shares, an increase of 49.0% from the December 15th total of 135,968 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 283,902 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 283,902 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

A number of large investors have recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. grew its holdings in Vanguard Mega Cap Growth ETF by 159.9% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 74,226 shares of the company’s stock worth $27,179,000 after acquiring an additional 45,667 shares in the last quarter. First Horizon Corp purchased a new stake in shares of Vanguard Mega Cap Growth ETF in the 3rd quarter worth approximately $1,351,000. Alpine Bank Wealth Management bought a new position in shares of Vanguard Mega Cap Growth ETF during the second quarter valued at approximately $77,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Vanguard Mega Cap Growth ETF by 9.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 36,652 shares of the company’s stock valued at $14,749,000 after purchasing an additional 3,046 shares in the last quarter. Finally, Fifth Third Securities Inc. increased its holdings in Vanguard Mega Cap Growth ETF by 110.8% during the third quarter. Fifth Third Securities Inc. now owns 10,289 shares of the company’s stock valued at $4,140,000 after buying an additional 5,408 shares during the period.

Vanguard Mega Cap Growth ETF Stock Performance

Shares of MGK stock traded down $0.60 on Friday, reaching $408.28. The stock had a trading volume of 1,520,880 shares, compared to its average volume of 875,697. Vanguard Mega Cap Growth ETF has a 1 year low of $262.65 and a 1 year high of $426.80. The stock has a market cap of $32.03 billion, a P/E ratio of 37.33 and a beta of 1.18. The company has a 50 day simple moving average of $411.99 and a 200 day simple moving average of $398.70.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.