Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sees Large Growth in Short Interest

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 63,294 shares, an increase of 557.2% from the April 15th total of 9,631 shares. Based on an average daily trading volume, of 123,594 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Vanguard Total Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in VTC. Valpey Financial Services LLC grew its stake in shares of Vanguard Total Corporate Bond ETF by 7,873.0% during the 4th quarter. Valpey Financial Services LLC now owns 2,875,950 shares of the company’s stock worth $223,289,000 after purchasing an additional 2,839,879 shares during the period. Nepc LLC grew its stake in shares of Vanguard Total Corporate Bond ETF by 43.9% during the 4th quarter. Nepc LLC now owns 3,533,516 shares of the company’s stock worth $274,342,000 after purchasing an additional 1,077,991 shares during the period. North Dakota State Investment Board acquired a new stake in shares of Vanguard Total Corporate Bond ETF during the 4th quarter worth approximately $28,173,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Vanguard Total Corporate Bond ETF during the 4th quarter worth approximately $11,659,000. Finally, Warwick Investment Management Inc. grew its stake in shares of Vanguard Total Corporate Bond ETF by 158.4% during the 4th quarter. Warwick Investment Management Inc. now owns 234,347 shares of the company’s stock worth $18,195,000 after purchasing an additional 143,662 shares during the period.

Vanguard Total Corporate Bond ETF Price Performance

NASDAQ:VTC traded down $0.24 during midday trading on Tuesday, hitting $76.52. The company’s stock had a trading volume of 9,796 shares, compared to its average volume of 121,758. Vanguard Total Corporate Bond ETF has a fifty-two week low of $74.91 and a fifty-two week high of $79.24. The firm’s 50 day moving average is $77.01 and its 200-day moving average is $77.68.

Vanguard Total Corporate Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were paid a dividend of $0.3141 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%.

Vanguard Total Corporate Bond ETF Company Profile

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is a fund-of-funds. It tracks an index designed to provide exposure to investment-grade US corporate bonds with broad maturities. VTC was launched on Nov 7, 2017 and is managed by Vanguard.