Short Interest in Vanguard Information Technology ETF (NYSEARCA:VGT) Rises By 21.3%

Vanguard Information Technology ETF (NYSEARCA:VGT) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 419,615 shares, a growth of 21.3% from the December 31st total of 345,792 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 581,733 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 581,733 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Vanguard Information Technology ETF

A number of institutional investors and hedge funds have recently made changes to their positions in VGT. China Universal Asset Management Co. Ltd. increased its holdings in Vanguard Information Technology ETF by 110.5% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 21 shares during the period. Wells Financial Advisors INC acquired a new position in Vanguard Information Technology ETF in the 4th quarter valued at about $29,000. Strategic Advocates LLC acquired a new stake in Vanguard Information Technology ETF in the 3rd quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Vanguard Information Technology ETF in the fourth quarter valued at approximately $30,000. Finally, First Command Advisory Services Inc. purchased a new stake in Vanguard Information Technology ETF in the third quarter valued at approximately $31,000.

Vanguard Information Technology ETF Trading Down 2.7%

Shares of VGT traded down $19.92 during midday trading on Wednesday, reaching $716.52. The stock had a trading volume of 838,695 shares, compared to its average volume of 591,921. Vanguard Information Technology ETF has a 12-month low of $451.00 and a 12-month high of $806.99. The company has a market capitalization of $107.22 billion, a price-to-earnings ratio of 34.55 and a beta of 1.25. The company’s 50-day moving average is $758.27 and its 200 day moving average is $739.59.

About Vanguard Information Technology ETF

Vanguard Information Technology ETF seeks to track the investment performance of the MSCI US Investable Market Information Technology 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the information technology sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.