Vanguard Information Technology ETF (NYSEARCA:VGT) Sees Significant Drop in Short Interest

by · The Cerbat Gem

Vanguard Information Technology ETF (NYSEARCA:VGT – Get Free Report) saw a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 388,761 shares, a decrease of 24.9% from the January 29th total of 517,991 shares. Based on an average daily trading volume, of 632,477 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 632,477 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Vanguard Information Technology ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of Vanguard Information Technology ETF by 4.1% during the fourth quarter. JPMorgan Chase & Co. now owns 6,420,110 shares of the exchange traded fund’s stock worth $4,839,352,000 after purchasing an additional 252,341 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Vanguard Information Technology ETF during the 3rd quarter worth approximately $1,680,300,000. Morgan Stanley lifted its position in Vanguard Information Technology ETF by 1.2% in the fourth quarter. Morgan Stanley now owns 2,151,255 shares of the exchange traded fund’s stock valued at $1,621,574,000 after acquiring an additional 25,901 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Vanguard Information Technology ETF by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,543,645 shares of the exchange traded fund’s stock worth $1,163,569,000 after purchasing an additional 18,634 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its position in Vanguard Information Technology ETF by 210,235.8% during the second quarter. Laurel Wealth Advisors LLC now owns 1,487,074 shares of the exchange traded fund’s stock worth $986,346,000 after buying an additional 1,486,367 shares during the period.

Vanguard Information Technology ETF Price Performance

Shares of VGT stock traded up $9.45 on Wednesday, hitting $733.13. The stock had a trading volume of 348,351 shares, compared to its average volume of 561,427. The company’s 50 day moving average price is $748.95 and its 200-day moving average price is $745.54. Vanguard Information Technology ETF has a 1 year low of $451.00 and a 1 year high of $806.99. The firm has a market capitalization of $109.71 billion, a P/E ratio of 34.55 and a beta of 1.25.

About Vanguard Information Technology ETF

(Get Free Report)

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.

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