Vanguard Mega Cap ETF (NYSEARCA:MGC) Sees Large Drop in Short Interest

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 27,118 shares, a decrease of 17.5% from the February 12th total of 32,886 shares. Based on an average trading volume of 123,008 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 123,008 shares, the short-interest ratio is currently 0.2 days.

Vanguard Mega Cap ETF Price Performance

MGC traded up $2.54 on Monday, reaching $244.08. 182,055 shares of the stock were exchanged, compared to its average volume of 167,687. The company’s 50-day moving average price is $250.49 and its 200 day moving average price is $248.00. The firm has a market capitalization of $9.58 billion, a PE ratio of 26.06 and a beta of 1.01. Vanguard Mega Cap ETF has a fifty-two week low of $173.32 and a fifty-two week high of $255.75.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

A number of large investors have recently bought and sold shares of MGC. Envestnet Asset Management Inc. raised its position in Vanguard Mega Cap ETF by 99.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,720,955 shares of the company’s stock worth $420,068,000 after buying an additional 857,073 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 577.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,045,381 shares of the company’s stock valued at $235,127,000 after acquiring an additional 891,030 shares during the last quarter. New York Life Investment Management LLC increased its stake in shares of Vanguard Mega Cap ETF by 23.4% in the third quarter. New York Life Investment Management LLC now owns 711,400 shares of the company’s stock worth $173,646,000 after acquiring an additional 134,789 shares during the period. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Vanguard Mega Cap ETF in the third quarter worth $161,189,000. Finally, Morgan Stanley raised its holdings in shares of Vanguard Mega Cap ETF by 3.1% during the fourth quarter. Morgan Stanley now owns 594,721 shares of the company’s stock worth $149,376,000 after purchasing an additional 17,646 shares during the last quarter.

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.