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

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

Vanguard Mega Cap Value ETF Price Performance

Vanguard Mega Cap Value ETF stock traded down $1.45 during trading hours on Wednesday, reaching $163.97. The stock had a trading volume of 93,272 shares, compared to its average volume of 263,499. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 18.48 and a beta of 0.72. The business’s 50 day moving average price is $161.40 and its 200-day moving average price is $153.58. Vanguard Mega Cap Value ETF has a 52 week low of $128.84 and a 52 week high of $166.02.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Kentucky Trust Co acquired a new stake in Vanguard Mega Cap Value ETF in the second quarter valued at approximately $29,000. Ascentis Independent Advisors acquired a new position in shares of Vanguard Mega Cap Value ETF during the first quarter worth $26,000. Tucker Asset Management LLC acquired a new position in shares of Vanguard Mega Cap Value ETF during the fourth quarter worth $26,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of Vanguard Mega Cap Value ETF during the 4th quarter valued at $33,000. Finally, Key Financial Inc lifted its holdings in shares of Vanguard Mega Cap Value ETF by 511.1% during the 4th quarter. Key Financial Inc now owns 275 shares of the company’s stock valued at $39,000 after purchasing an additional 230 shares during the last quarter.

About Vanguard Mega Cap Value ETF

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.