Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) Sees Significant Decrease in Short Interest

Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 152,949 shares, a decline of 38.6% from the March 15th total of 248,957 shares. Based on an average trading volume of 434,240 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Vanguard Mega Cap Growth ETF

Several hedge funds have recently added to or reduced their stakes in MGK. Vantagepoint Investment Advisers LLC bought a new stake in Vanguard Mega Cap Growth ETF in the third quarter worth $335,586,000. Assetmark Inc. boosted its holdings in Vanguard Mega Cap Growth ETF by 7.0% in the third 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. Osaic Holdings Inc. boosted its holdings in Vanguard Mega Cap Growth ETF by 383.6% in the second quarter. Osaic Holdings Inc. now owns 623,866 shares of the company’s stock worth $228,441,000 after acquiring an additional 494,855 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 11.7% during the fourth quarter. Morgan Stanley now owns 2,651,172 shares of the company’s stock valued at $1,094,325,000 after purchasing an additional 277,446 shares in the last quarter. Finally, Strategic Investment Advisors MI lifted its holdings in shares of Vanguard Mega Cap Growth ETF by 80,083.9% during the fourth quarter. Strategic Investment Advisors MI now owns 184,423 shares of the company’s stock valued at $76,176,000 after purchasing an additional 184,193 shares in the last quarter.

Vanguard Mega Cap Growth ETF Stock Performance

Vanguard Mega Cap Growth ETF stock opened at $387.61 on Monday. The business’s fifty day simple moving average is $383.32 and its two-hundred day simple moving average is $400.71. Vanguard Mega Cap Growth ETF has a 12 month low of $280.76 and a 12 month high of $426.80. The company has a market capitalization of $29.25 billion, a price-to-earnings ratio of 37.33 and a beta of 1.22.

Shares of Vanguard Mega Cap Growth ETF are going to split on Tuesday, April 21st. The 5-1 split was announced on Thursday, March 26th. The newly issued shares will be payable to shareholders after the closing bell on Monday, April 20th.

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.