Vanguard Mega Cap ETF (NYSEARCA:MGC) Sees Significant Increase in Short Interest

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the recipient of a significant 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. Based on an average daily volume of 70,305 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Vanguard Mega Cap ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in shares of Vanguard Mega Cap ETF by 0.4% in the first quarter. Bank of America Corp DE now owns 1,561,792 shares of the company’s stock worth $369,130,000 after acquiring an additional 5,869 shares during the period. PNC Financial Services Group Inc. lifted its position 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 valued at $103,449,000 after purchasing an additional 4,105 shares during the period. One Capital Management LLC lifted its position in Vanguard Mega Cap ETF by 3.9% during the fourth quarter. One Capital Management LLC now owns 175,968 shares of the company’s stock valued at $44,198,000 after purchasing an additional 6,645 shares during the period. Ieq Capital LLC boosted its holdings in Vanguard Mega Cap ETF by 0.4% in the fourth quarter. Ieq Capital LLC now owns 163,346 shares of the company’s stock valued at $41,028,000 after purchasing an additional 699 shares during the last quarter. Finally, Investment Planning Advisors Inc. boosted its holdings in Vanguard Mega Cap ETF by 11.5% in the first quarter. Investment Planning Advisors Inc. now owns 151,958 shares of the company’s stock valued at $35,915,000 after purchasing an additional 15,704 shares during the last quarter.

Vanguard Mega Cap ETF Stock Down 0.2%

Shares of Vanguard Mega Cap ETF stock traded down $0.48 on Wednesday, reaching $282.31. 163,669 shares of the stock were exchanged, compared to its average volume of 122,861. The business has a 50 day moving average price of $280.09 and a two-hundred day moving average price of $268.93. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02. Vanguard Mega Cap ETF has a twelve month low of $228.37 and a twelve month high of $287.52.

About Vanguard Mega Cap ETF

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.