Vanguard Mega Cap Value ETF (NYSEARCA:MGV – Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 184,727 shares, an increase of 110.0% from the July 15th total of 87,970 shares. Based on an average trading volume of 225,650 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are short sold.
Vanguard Mega Cap Value ETF Price Performance
Shares of NYSEARCA MGV traded up $0.19 during midday trading on Friday, hitting $168.84. 175,869 shares of the company’s stock were exchanged, compared to its average volume of 260,253. Vanguard Mega Cap Value ETF has a twelve month low of $132.74 and a twelve month high of $169.05. The company has a market cap of $13.62 billion, a PE ratio of 18.48 and a beta of 0.72. The firm’s fifty day simple moving average is $163.61 and its 200-day simple moving average is $155.35.
Institutional Trading of Vanguard Mega Cap Value ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tucker Asset Management LLC acquired a new position in shares of Vanguard Mega Cap Value ETF in the 4th quarter valued at $26,000. Ascentis Independent Advisors acquired a new stake in Vanguard Mega Cap Value ETF during the 1st quarter worth $26,000. Kentucky Trust Co purchased a new stake in Vanguard Mega Cap Value ETF in the second quarter valued at $29,000. Bay Harbor Wealth Management LLC purchased a new stake in Vanguard Mega Cap Value ETF in the fourth quarter valued at $33,000. Finally, Key Financial Inc lifted its position in Vanguard Mega Cap Value ETF by 511.1% in the fourth quarter. Key Financial Inc now owns 275 shares of the company’s stock valued at $39,000 after acquiring an additional 230 shares during the last quarter.
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.
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