Short Interest in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Grows By 55.5%

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 241,392 shares, an increase of 55.5% from the February 12th total of 155,285 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 610,533 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 610,533 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Trading of Vanguard Mega Cap Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in Vanguard Mega Cap Growth ETF by 139.5% during the fourth quarter. Brighton Jones LLC now owns 1,509 shares of the company’s stock worth $518,000 after purchasing an additional 879 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Vanguard Mega Cap Growth ETF by 127.3% in the 1st quarter. AQR Capital Management LLC now owns 3,830 shares of the company’s stock worth $1,183,000 after buying an additional 2,145 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Vanguard Mega Cap Growth ETF by 1.4% in the first quarter. Goldman Sachs Group Inc. now owns 107,285 shares of the company’s stock valued at $33,138,000 after acquiring an additional 1,483 shares during the last quarter. Allworth Financial LP grew its position in Vanguard Mega Cap Growth ETF by 12.0% during the second quarter. Allworth Financial LP now owns 4,022 shares of the company’s stock valued at $1,473,000 after acquiring an additional 432 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in Vanguard Mega Cap Growth ETF by 7.4% during the second quarter. SBI Securities Co. Ltd. now owns 2,185 shares of the company’s stock valued at $800,000 after acquiring an additional 151 shares during the period.

Vanguard Mega Cap Growth ETF Stock Down 1.1%

Shares of MGK traded down $4.33 on Friday, hitting $379.08. 615,449 shares of the stock traded hands, compared to its average volume of 653,482. Vanguard Mega Cap Growth ETF has a 1 year low of $262.65 and a 1 year high of $426.80. The stock’s 50 day moving average is $397.67 and its two-hundred day moving average is $403.25. The firm has a market capitalization of $29.74 billion, a P/E ratio of 37.33 and a beta of 1.18.

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.