Vanguard Mega Cap Value ETF (NYSEARCA:MGV) Sees Large Drop in Short Interest

Vanguard Mega Cap Value ETF (NYSEARCA:MGV) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 82,632 shares, a decline of 52.7% from the April 30th total of 174,551 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 202,352 shares, the days-to-cover ratio is currently 0.4 days.

Vanguard Mega Cap Value ETF Stock Performance

MGV stock opened at $157.59 on Friday. The firm has a 50 day moving average price of $150.65 and a 200-day moving average price of $147.10. Vanguard Mega Cap Value ETF has a 52-week low of $125.78 and a 52-week high of $158.37. The firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of 18.48 and a beta of 0.73.

Institutional Trading of Vanguard Mega Cap Value ETF

A number of hedge funds have recently made changes to their positions in MGV. Tucker Asset Management LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the 4th quarter worth approximately $26,000. Ascentis Independent Advisors bought a new stake in shares of Vanguard Mega Cap Value ETF in the 1st quarter worth approximately $26,000. Cornerstone Planning Group LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the 3rd quarter worth approximately $28,000. Bay Harbor Wealth Management LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the 4th quarter worth approximately $33,000. Finally, Nemes Rush Group LLC bought a new stake in shares of Vanguard Mega Cap Value ETF in the 3rd quarter worth approximately $34,000.

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.