Short Interest in Vanguard Mega Cap ETF (NYSEARCA:MGC) Increases By 151.5%

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 68,208 shares, a growth of 151.5% from the February 26th total of 27,118 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 263,982 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Vanguard Mega Cap ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC grew its holdings in Vanguard Mega Cap ETF by 312.6% during the first quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock worth $1,973,000 after acquiring an additional 7,424 shares during the period. JPMorgan Chase & Co. lifted its holdings in Vanguard Mega Cap ETF by 35.8% in the second quarter. JPMorgan Chase & Co. now owns 272,675 shares of the company’s stock valued at $61,330,000 after acquiring an additional 71,956 shares during the period. Global Retirement Partners LLC purchased a new stake in Vanguard Mega Cap ETF in the 2nd quarter worth approximately $300,000. Steward Partners Investment Advisory LLC boosted its position in Vanguard Mega Cap ETF by 1.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,296 shares of the company’s stock worth $1,866,000 after purchasing an additional 113 shares in the last quarter. Finally, RiverFront Investment Group LLC grew its stake in shares of Vanguard Mega Cap ETF by 30,480.3% during the 2nd quarter. RiverFront Investment Group LLC now owns 476,135 shares of the company’s stock worth $107,092,000 after purchasing an additional 474,578 shares during the period.

Vanguard Mega Cap ETF Stock Performance

Shares of Vanguard Mega Cap ETF stock traded down $4.96 during trading on Friday, hitting $230.07. 166,791 shares of the company’s stock were exchanged, compared to its average volume of 161,291. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 26.06 and a beta of 1.01. The business has a 50-day simple moving average of $247.71 and a 200-day simple moving average of $248.00. Vanguard Mega Cap ETF has a 52-week low of $173.32 and a 52-week high of $255.75.

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.