Vanguard Mega Cap Growth ETF (NYSEARCA:MGK – Get Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 653,840 shares, a growth of 171.4% from the April 15th total of 240,938 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 1,751,092 shares, the short-interest ratio is currently 0.4 days.
Institutional Trading of Vanguard Mega Cap Growth ETF
Several hedge funds have recently modified their holdings of MGK. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the 3rd quarter worth approximately $335,586,000. Assetmark Inc. raised its holdings in shares of Vanguard Mega Cap Growth ETF by 7.0% during the 3rd quarter. Assetmark Inc. now owns 8,503,196 shares of the company’s stock worth $3,421,856,000 after acquiring an additional 558,602 shares in the last quarter. Morgan Stanley raised its holdings in shares of Vanguard Mega Cap Growth ETF by 11.7% during the 4th quarter. Morgan Stanley now owns 2,651,172 shares of the company’s stock worth $1,094,325,000 after acquiring an additional 277,446 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Vanguard Mega Cap Growth ETF by 75,906.0% during the 1st quarter. Fifth Third Bancorp now owns 226,498 shares of the company’s stock worth $83,225,000 after acquiring an additional 226,200 shares in the last quarter. Finally, Strategic Investment Advisors MI raised its holdings in shares of Vanguard Mega Cap Growth ETF by 80,083.9% during the 4th quarter. Strategic Investment Advisors MI now owns 184,423 shares of the company’s stock worth $76,176,000 after acquiring an additional 184,193 shares in the last quarter.
Vanguard Mega Cap Growth ETF Price Performance
Shares of MGK opened at $89.72 on Friday. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 37.33 and a beta of 1.23. Vanguard Mega Cap Growth ETF has a 1 year low of $67.07 and a 1 year high of $89.86. The business’s 50 day simple moving average is $79.50 and its 200-day simple moving average is $80.73.
Vanguard Mega Cap Growth ETF Company Profile
The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.
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