Vanguard Mega Cap ETF (NYSEARCA:MGC – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 13,051 shares, a decline of 65.1% from the August 15th total of 37,392 shares. Based on an average trading volume of 65,980 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.
Vanguard Mega Cap ETF Price Performance
Vanguard Mega Cap ETF stock opened at $281.25 on Friday. The business has a fifty day moving average price of $278.09 and a 200-day moving average price of $265.89. Vanguard Mega Cap ETF has a one year low of $228.37 and a one year high of $285.55. The firm has a market capitalization of $10.29 billion, a P/E ratio of 26.06 and a beta of 1.02.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MGC. Jane Street Group LLC grew its position in shares of Vanguard Mega Cap ETF by 312.6% in the 1st quarter. Jane Street Group LLC now owns 9,799 shares of the company’s stock valued at $1,973,000 after purchasing an additional 7,424 shares during the period. Marshall Wace LLP bought a new position in Vanguard Mega Cap ETF in the second quarter valued at approximately $905,000. Raymond James Financial Inc. boosted its holdings in shares of Vanguard Mega Cap ETF by 31.8% in the second quarter. Raymond James Financial Inc. now owns 401,214 shares of the company’s stock valued at $90,241,000 after buying an additional 96,754 shares during the period. Garden State Investment Advisory Services LLC boosted its holdings in shares of Vanguard Mega Cap ETF by 12.4% in the second quarter. Garden State Investment Advisory Services LLC now owns 1,364 shares of the company’s stock valued at $307,000 after buying an additional 150 shares during the period. Finally, IHT Wealth Management LLC increased its position in shares of Vanguard Mega Cap ETF by 1.8% during the second quarter. IHT Wealth Management LLC now owns 5,744 shares of the company’s stock worth $1,292,000 after acquiring an additional 100 shares in the last quarter.
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.
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