Vanguard Mega Cap ETF (NYSEARCA:MGC) Short Interest Up 73.8% in December

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 23,590 shares, an increase of 73.8% from the December 15th total of 13,574 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 373,690 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 373,690 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Vanguard Mega Cap ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MGC. Elevation Capital Advisory LLC acquired a new stake in shares of Vanguard Mega Cap ETF during the 2nd quarter worth about $6,011,000. Beacon Financial Group boosted its position in Vanguard Mega Cap ETF by 102.1% in the third quarter. Beacon Financial Group now owns 56,875 shares of the company’s stock valued at $13,883,000 after buying an additional 28,738 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Vanguard Mega Cap ETF by 8.3% in the third quarter. Commonwealth Equity Services LLC now owns 210,501 shares of the company’s stock valued at $51,381,000 after buying an additional 16,074 shares in the last quarter. AlphaCore Capital LLC grew its stake in Vanguard Mega Cap ETF by 622.9% during the second quarter. AlphaCore Capital LLC now owns 77,739 shares of the company’s stock worth $17,528,000 after buying an additional 66,985 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in Vanguard Mega Cap ETF during the second quarter worth about $257,000.

Vanguard Mega Cap ETF Trading Down 0.0%

MGC traded down $0.05 during trading on Friday, hitting $253.18. The stock had a trading volume of 108,143 shares, compared to its average volume of 103,495. Vanguard Mega Cap ETF has a 12 month low of $173.32 and a 12 month high of $255.60. The company has a 50 day simple moving average of $250.75 and a 200-day simple moving average of $242.25. The firm has a market cap of $9.93 billion, a PE ratio of 26.06 and a beta of 1.01.

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.