Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Short Interest Down 41.4% in January

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 118,778 shares, a decrease of 41.4% from the December 31st total of 202,645 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 811,227 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 811,227 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

Vanguard Mega Cap Growth ETF Trading Down 0.7%

MGK traded down $2.84 on Friday, hitting $406.22. 262,453 shares of the company’s stock traded hands, compared to its average volume of 745,747. The company’s 50 day simple moving average is $411.88 and its 200-day simple moving average is $400.93. The firm has a market cap of $31.86 billion, a price-to-earnings ratio of 37.33 and a beta of 1.18. Vanguard Mega Cap Growth ETF has a one year low of $262.65 and a one year high of $426.80.

Hedge Funds Weigh In On Vanguard Mega Cap Growth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MGK. American Financial & Tax Strategies Inc. lifted its stake in Vanguard Mega Cap Growth ETF by 1.1% in the 4th quarter. American Financial & Tax Strategies Inc. now owns 17,602 shares of the company’s stock worth $7,265,000 after purchasing an additional 185 shares in the last quarter. Wealthfront Advisers LLC lifted its position in shares of Vanguard Mega Cap Growth ETF by 5.5% in the fourth quarter. Wealthfront Advisers LLC now owns 63,067 shares of the company’s stock worth $26,032,000 after buying an additional 3,272 shares in the last quarter. Quadcap Wealth Management LLC boosted its stake in Vanguard Mega Cap Growth ETF by 4.4% during the fourth quarter. Quadcap Wealth Management LLC now owns 23,368 shares of the company’s stock valued at $9,648,000 after buying an additional 983 shares during the last quarter. Eagle Wealth Advisors LLC purchased a new position in Vanguard Mega Cap Growth ETF during the 4th quarter valued at approximately $3,454,000. Finally, Ashton Thomas Private Wealth LLC grew its holdings in Vanguard Mega Cap Growth ETF by 1,042.2% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 7,287 shares of the company’s stock valued at $3,008,000 after buying an additional 6,649 shares in the last quarter.

Vanguard Mega Cap Growth ETF Company Profile

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.