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

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 13,051 shares, a drop of 65.1% from the August 15th total of 37,392 shares. Based on an average daily volume of 65,980 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Vanguard Mega Cap ETF

Institutional investors have recently bought and sold shares of the company. Orion Porfolio Solutions LLC increased its position in shares of Vanguard Mega Cap ETF by 577.3% in the second 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. Raymond James Financial Inc. boosted its position in Vanguard Mega Cap ETF by 31.8% during the second quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock valued at $90,241,000 after purchasing an additional 96,754 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Vanguard Mega Cap ETF by 547.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 101,025 shares of the company’s stock valued at $25,374,000 after purchasing an additional 85,413 shares in the last quarter. Wellington Management Group LLP bought a new position in Vanguard Mega Cap ETF in the third quarter valued at approximately $16,972,000. Finally, Beacon Pointe Advisors LLC increased its position in shares of Vanguard Mega Cap ETF by 787.4% during the 4th quarter. Beacon Pointe Advisors LLC now owns 69,474 shares of the company’s stock worth $17,450,000 after purchasing an additional 61,645 shares during the last quarter.

Vanguard Mega Cap ETF Price Performance

Shares of Vanguard Mega Cap ETF stock opened at $281.25 on Friday. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02. The stock’s 50-day moving average is $278.09 and its 200-day moving average is $265.89. Vanguard Mega Cap ETF has a one year low of $228.37 and a one year high of $285.55.

Vanguard Mega Cap ETF Company Profile

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.