Vanguard Information Technology ETF (NYSEARCA:VGT) Sees Significant Growth in Short Interest
by Amy Steele · The Cerbat GemVanguard Information Technology ETF (NYSEARCA:VGT – Get Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 3,379,311 shares, an increase of 746.6% from the April 15th total of 399,155 shares. Based on an average trading volume of 4,426,004 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.2% of the company’s stock are short sold.
Hedge Funds Weigh In On Vanguard Information Technology ETF
Several hedge funds have recently modified their holdings of the company. Signature Equity Partners LLC lifted its position in shares of Vanguard Information Technology ETF by 10.1% during the 1st quarter. Signature Equity Partners LLC now owns 2,757 shares of the exchange traded fund’s stock worth $1,924,000 after buying an additional 254 shares in the last quarter. NewEdge Wealth LLC raised its holdings in shares of Vanguard Information Technology ETF by 1.2% in the 1st quarter. NewEdge Wealth LLC now owns 9,245 shares of the exchange traded fund’s stock worth $6,451,000 after purchasing an additional 108 shares during the period. Summitas Investment Management LLC bought a new stake in shares of Vanguard Information Technology ETF in the 1st quarter worth approximately $9,887,000. Goepper Burkhardt LLC raised its holdings in shares of Vanguard Information Technology ETF by 3.2% in the 1st quarter. Goepper Burkhardt LLC now owns 9,033 shares of the exchange traded fund’s stock worth $6,303,000 after purchasing an additional 281 shares during the period. Finally, First Trust Advisors LP grew its stake in Vanguard Information Technology ETF by 93.0% in the 1st quarter. First Trust Advisors LP now owns 4,237 shares of the exchange traded fund’s stock valued at $2,956,000 after buying an additional 2,042 shares in the last quarter.
Vanguard Information Technology ETF Trading Up 1.0%
NYSEARCA VGT traded up $1.15 during trading hours on Wednesday, hitting $113.45. The company’s stock had a trading volume of 4,026,186 shares, compared to its average volume of 4,396,888. Vanguard Information Technology ETF has a 52 week low of $73.76 and a 52 week high of $114.03. The company has a market capitalization of $17.06 billion, a PE ratio of 34.55 and a beta of 1.31. The company’s 50-day simple moving average is $95.86 and its two-hundred day simple moving average is $94.90.
Vanguard Information Technology ETF Company Profile
Vanguard Information Technology ETF seeks to track the investment performance of the MSCI US Investable Market Information Technology 25/50 Index, a benchmark of large-, mid-, and small-cap United States stocks in the information technology sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies in three areas: technology software and services, including companies that develop software in various fields (such as the Internet, applications, systems, databases, and/or home entertainment), and companies that provide information technology consulting and services, data processing, and outsourced services; technology hardware and equipment, including manufacturers and distributors of communications equipment, computers and peripherals and electronic equipment, and semiconductors and semiconductor equipment manufacturers.