Vanguard Information Technology ETF (NYSEARCA:VGT) Sees Significant Decline in Short Interest

Vanguard Information Technology ETF (NYSEARCA:VGT) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 388,761 shares, a decrease of 24.9% from the January 29th total of 517,991 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 632,477 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 632,477 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Vanguard Information Technology ETF Price Performance

Shares of VGT stock traded up $6.79 during trading on Monday, reaching $733.49. The company had a trading volume of 328,306 shares, compared to its average volume of 542,487. The firm’s 50 day simple moving average is $750.31 and its two-hundred day simple moving average is $745.17. Vanguard Information Technology ETF has a one year low of $451.00 and a one year high of $806.99. The company has a market capitalization of $109.76 billion, a PE ratio of 34.55 and a beta of 1.25.

Institutional Investors Weigh In On Vanguard Information Technology ETF

Several hedge funds and other institutional investors have recently modified their holdings of VGT. Kingdom Financial Group LLC. acquired a new position in Vanguard Information Technology ETF during the 4th quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Vanguard Information Technology ETF during the 4th quarter worth about $30,000. Wells Financial Advisors INC acquired a new position in shares of Vanguard Information Technology ETF during the fourth quarter valued at about $29,000. China Universal Asset Management Co. Ltd. lifted its stake in shares of Vanguard Information Technology ETF by 110.5% in the second quarter. China Universal Asset Management Co. Ltd. now owns 40 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 21 shares during the period. Finally, Strategic Advocates LLC acquired a new stake in Vanguard Information Technology ETF during the third quarter worth about $30,000.

About Vanguard Information Technology ETF

Vanguard Information Technology ETF seeks to track the investment performance of the MSCI US Investable Market Information Technology 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the information technology sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.