Short Interest in Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Grows By 83.1%

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 263,700 shares, a growth of 83.1% from the September 30th total of 144,000 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 274,600 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 274,600 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Proathlete Wealth Management LLC bought a new position in shares of Vanguard Mega Cap Value ETF in the 2nd quarter valued at about $25,000. NorthRock Partners LLC grew its holdings in Vanguard Mega Cap Value ETF by 100.0% during the second quarter. NorthRock Partners LLC now owns 188 shares of the company’s stock valued at $25,000 after purchasing an additional 94 shares during the period. North Capital Inc. acquired a new position in Vanguard Mega Cap Value ETF during the first quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Vanguard Mega Cap Value ETF during the first quarter valued at approximately $28,000. Finally, Kilter Group LLC acquired a new position in Vanguard Mega Cap Value ETF during the second quarter valued at approximately $29,000.

Vanguard Mega Cap Value ETF Trading Up 0.1%

Shares of NYSEARCA MGV opened at $137.31 on Monday. The firm has a market capitalization of $10.20 billion, a PE ratio of 18.48 and a beta of 0.80. Vanguard Mega Cap Value ETF has a 1 year low of $112.25 and a 1 year high of $139.65. The firm’s 50-day moving average is $136.85 and its 200-day moving average is $131.63.

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.