Short Interest in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Declines By 41.4%

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 118,778 shares, a decline of 41.4% from the December 31st total of 202,645 shares. Based on an average trading volume of 811,227 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 811,227 shares, the days-to-cover ratio is currently 0.1 days.

Vanguard Mega Cap Growth ETF Price Performance

MGK traded down $3.21 during trading hours on Friday, hitting $405.85. 557,302 shares of the stock were exchanged, compared to its average volume of 762,130. The stock has a market cap of $31.83 billion, a price-to-earnings ratio of 37.33 and a beta of 1.18. The stock has a 50-day simple moving average of $412.05 and a 200-day simple moving average of $401.59. Vanguard Mega Cap Growth ETF has a 12 month low of $262.65 and a 12 month high of $426.80.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. increased its stake in Vanguard Mega Cap Growth ETF by 1.0% in the 4th quarter. Assetmark Inc. now owns 8,590,832 shares of the company’s stock worth $3,546,038,000 after purchasing an additional 87,636 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in Vanguard Mega Cap Growth ETF by 6.0% during the second quarter. Cassaday & Co Wealth Management LLC now owns 3,737,341 shares of the company’s stock valued at $1,368,502,000 after buying an additional 211,907 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Vanguard Mega Cap Growth ETF by 0.9% in the second quarter. Captrust Financial Advisors now owns 1,668,738 shares of the company’s stock worth $611,042,000 after buying an additional 15,432 shares during the period. UBS Group AG increased its position in shares of Vanguard Mega Cap Growth ETF by 0.8% in the fourth quarter. UBS Group AG now owns 1,100,021 shares of the company’s stock worth $454,056,000 after acquiring an additional 9,098 shares in the last quarter. Finally, Vantagepoint Investment Advisers LLC increased its position in shares of Vanguard Mega Cap Growth ETF by 4.9% in the fourth quarter. Vantagepoint Investment Advisers LLC now owns 875,123 shares of the company’s stock worth $361,225,000 after acquiring an additional 41,203 shares in the last quarter.

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.