Vanguard Mega Cap ETF (NYSEARCA:MGC) Short Interest Down 49.3% in May

Vanguard Mega Cap ETF (NYSEARCA:MGC) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 55,600 shares, a decline of 49.3% from the May 15th total of 109,700 shares. Based on an average trading volume of 152,800 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Vanguard Mega Cap ETF Stock Performance

Shares of NYSEARCA:MGC traded down $2.42 on Friday, hitting $216.86. 95,235 shares of the company were exchanged, compared to its average volume of 104,304. The company’s 50 day moving average price is $205.23 and its two-hundred day moving average price is $210.14. Vanguard Mega Cap ETF has a one year low of $173.32 and a one year high of $222.75. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 26.66 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MGC. Apollon Wealth Management LLC bought a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth about $259,000. Lord & Richards Wealth Management LLC bought a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth about $535,000. Montag A & Associates Inc. bought a new position in shares of Vanguard Mega Cap ETF during the 4th quarter worth about $4,883,000. Principal Securities Inc. increased its holdings in shares of Vanguard Mega Cap ETF by 83.8% during the 4th quarter. Principal Securities Inc. now owns 1,204 shares of the company’s stock worth $256,000 after purchasing an additional 549 shares during the period. Finally, Allworth Financial LP increased its holdings in shares of Vanguard Mega Cap ETF by 335.1% during the 4th quarter. Allworth Financial LP now owns 1,288 shares of the company’s stock worth $283,000 after purchasing an additional 992 shares during the period.

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.