Vanguard Mega Cap ETF (NYSEARCA:MGC) Short Interest Update

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 37,392 shares, a decline of 35.7% from the July 30th total of 58,173 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 80,623 shares, the days-to-cover ratio is presently 0.5 days.

Vanguard Mega Cap ETF Price Performance

Shares of Vanguard Mega Cap ETF stock traded down $1.92 during midday trading on Tuesday, reaching $279.53. The company had a trading volume of 89,607 shares, compared to its average volume of 128,093. Vanguard Mega Cap ETF has a fifty-two week low of $228.37 and a fifty-two week high of $285.55. The stock has a fifty day moving average price of $276.16 and a 200 day moving average price of $263.97. The firm has a market cap of $10.23 billion, a PE ratio of 26.06 and a beta of 1.01.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Orion Porfolio Solutions LLC lifted its stake in shares of Vanguard Mega Cap ETF by 577.3% in the second quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock valued at $235,127,000 after buying an additional 891,030 shares in the last quarter. Raymond James Financial Inc. grew its position in Vanguard Mega Cap ETF by 31.8% during the second quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock valued at $90,241,000 after buying an additional 96,754 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Vanguard Mega Cap ETF by 547.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 101,025 shares of the company’s stock valued at $25,374,000 after acquiring an additional 85,413 shares during the period. Win Advisors Inc. bought a new position in shares of Vanguard Mega Cap ETF during the 4th quarter valued at approximately $21,008,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Vanguard Mega Cap ETF during the 3rd quarter worth approximately $16,972,000.

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.