Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Shares Shorted: Short Interest Down 52.6% in September

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 97,132 shares, a decrease of 52.6% from the August 31st total of 204,860 shares. Based on an average daily volume of 273,339 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Vanguard Mega Cap Value ETF Trading Down 0.2%

Shares of NYSEARCA MGV traded down $0.37 during midday trading on Tuesday, reaching $162.51. The company had a trading volume of 305,299 shares, compared to its average volume of 260,054. Vanguard Mega Cap Value ETF has a 1 year low of $135.26 and a 1 year high of $169.84. The business’s 50-day simple moving average is $166.05 and its 200 day simple moving average is $158.77. The stock has a market cap of $13.38 billion, a P/E ratio of 18.48 and a beta of 0.72.

Hedge Funds Weigh In On Vanguard Mega Cap Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. acquired a new stake in Vanguard Mega Cap Value ETF during the 2nd quarter worth about $256,000. Silicon Valley Capital Partners increased its holdings in shares of Vanguard Mega Cap Value ETF by 0.4% in the second quarter. Silicon Valley Capital Partners now owns 15,567 shares of the company’s stock valued at $2,544,000 after purchasing an additional 68 shares during the period. Bullseye Investment Management LLC purchased a new position in shares of Vanguard Mega Cap Value ETF in the second quarter worth about $40,000. NewEdge Advisors LLC raised its stake in shares of Vanguard Mega Cap Value ETF by 18.8% in the second quarter. NewEdge Advisors LLC now owns 10,863 shares of the company’s stock worth $1,776,000 after purchasing an additional 1,717 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Vanguard Mega Cap Value ETF by 1.0% during the second quarter. Baird Financial Group Inc. now owns 387,221 shares of the company’s stock worth $63,291,000 after purchasing an additional 3,737 shares during the period.

About Vanguard Mega Cap Value ETF

Vanguard Mega Cap Value ETF, formerly Vanguard Mega Cap 300 Value Index ETF, seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization value stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap Value Index, which represents the value companies of the MSCI US Large-Cap 300 Index. The Fund will invest at least 80% of its assets in the stocks that make up its target Index.