Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Short Interest Up 142.5% in January

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 90,673 shares, a growth of 142.5% from the January 15th total of 37,392 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 214,088 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 214,088 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.6% of the company’s shares are sold short.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

Shares of NYSEARCA VTES remained flat at $102.49 during mid-day trading on Friday. 172,673 shares of the stock were exchanged, compared to its average volume of 178,096. Vanguard Short-Term Tax-Exempt Bond ETF has a 12-month low of $98.50 and a 12-month high of $102.56. The stock’s 50 day moving average price is $101.89 and its 200-day moving average price is $101.74.

Vanguard Short-Term Tax-Exempt Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a dividend of $0.2247 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VTES. Burton Enright Welch bought a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the 4th quarter worth $2,640,000. Stifel Financial Corp lifted its position in Vanguard Short-Term Tax-Exempt Bond ETF by 75.2% during the fourth quarter. Stifel Financial Corp now owns 29,881 shares of the company’s stock valued at $3,035,000 after purchasing an additional 12,828 shares during the period. Graney & King LLC boosted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 295.5% during the fourth quarter. Graney & King LLC now owns 1,570 shares of the company’s stock worth $159,000 after buying an additional 1,173 shares in the last quarter. Haverford Trust Co increased its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 25.0% in the 4th quarter. Haverford Trust Co now owns 24,550 shares of the company’s stock valued at $2,494,000 after purchasing an additional 4,915 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 35.9% during the 4th quarter. Wells Fargo & Company MN now owns 140,189 shares of the company’s stock worth $14,240,000 after buying an additional 37,069 shares during the period.

About Vanguard Short-Term Tax-Exempt Bond ETF

The Vanguard Short-Term Tax Exempt Bond ETF (VTES) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of tax-exempt investment grade debt issued by US state and local governments or agencies. The fund includes muni bonds with an effective maturity below seven years. VTES was launched on Feb 22, 2023 and is managed by Vanguard.