Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) Sees Significant Increase in Short Interest

Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 35,720 shares, an increase of 108.0% from the June 30th total of 17,171 shares. Based on an average daily volume of 67,965 shares, the short-interest ratio is presently 0.5 days. Approximately 0.6% of the shares of the stock are short sold.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Down 0.2%

Vanguard Intermediate-Term Tax-Exempt Bond ETF stock opened at $99.22 on Friday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a fifty-two week low of $98.10 and a fifty-two week high of $102.66. The firm’s fifty day moving average price is $100.42 and its 200-day moving average price is $100.83.

Institutional Trading of Vanguard Intermediate-Term Tax-Exempt Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 1st quarter valued at $57,973,000. Unison Advisors LLC increased its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 7.8% in the first quarter. Unison Advisors LLC now owns 2,367,952 shares of the company’s stock valued at $236,653,000 after acquiring an additional 172,174 shares during the last quarter. TIAA Trust National Association increased its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 45.1% in the fourth quarter. TIAA Trust National Association now owns 403,849 shares of the company’s stock valued at $40,720,000 after acquiring an additional 125,479 shares during the last quarter. Raymond James Financial Inc. raised its position in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 3,058.6% during the third quarter. Raymond James Financial Inc. now owns 92,420 shares of the company’s stock valued at $9,273,000 after purchasing an additional 89,494 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 53.8% during the first quarter. Bank of America Corp DE now owns 205,701 shares of the company’s stock valued at $20,558,000 after purchasing an additional 71,932 shares in the last quarter.

About Vanguard Intermediate-Term Tax-Exempt Bond ETF

The Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) 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 20 years. VTEI was launched on Jan 30, 2024 and is issued by Vanguard.