Short Interest in Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Drops By 85.0%

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 24,736 shares, a drop of 85.0% from the February 26th total of 165,352 shares. Based on an average trading volume of 191,743 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 191,743 shares, the days-to-cover ratio is presently 0.1 days.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

VTES stock traded up $0.17 during midday trading on Wednesday, hitting $101.08. The company had a trading volume of 426,876 shares, compared to its average volume of 183,322. Vanguard Short-Term Tax-Exempt Bond ETF has a 52 week low of $98.50 and a 52 week high of $102.71. The stock’s 50 day moving average price is $102.11 and its 200 day moving average price is $101.84.

Vanguard Short-Term Tax-Exempt Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.2362 dividend. This is a boost from Vanguard Short-Term Tax-Exempt Bond ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 2.8%.

Hedge Funds Weigh In On Vanguard Short-Term Tax-Exempt Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rehmann Capital Advisory Group bought a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the fourth quarter worth about $532,000. Birchwood Financial Partners Inc. purchased a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter valued at approximately $36,000. Valley Financial Group Inc. raised its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 23.8% during the fourth quarter. Valley Financial Group Inc. now owns 3,399 shares of the company’s stock valued at $345,000 after acquiring an additional 653 shares in the last quarter. Beacon Pointe Advisors LLC increased its position in Vanguard Short-Term Tax-Exempt Bond ETF by 3.1% during the 4th quarter. Beacon Pointe Advisors LLC now owns 85,411 shares of the company’s stock valued at $8,676,000 after purchasing an additional 2,566 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 7.3% in the 4th quarter. NewEdge Advisors LLC now owns 15,010 shares of the company’s stock worth $1,525,000 after purchasing an additional 1,027 shares in the last quarter.

Vanguard Short-Term Tax-Exempt Bond ETF Company Profile

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.