Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Short Interest Up 166.5% in February

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 165,352 shares, an increase of 166.5% from the February 12th total of 62,050 shares. Based on an average trading volume of 161,071 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.0% of the shares of the stock are short sold. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 161,071 shares, the days-to-cover ratio is currently 1.0 days.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Down 0.1%

Shares of NYSEARCA VTES traded down $0.06 during midday trading on Wednesday, hitting $101.84. The stock had a trading volume of 110,463 shares, compared to its average volume of 172,410. Vanguard Short-Term Tax-Exempt Bond ETF has a fifty-two week low of $98.50 and a fifty-two week high of $102.71. The company’s 50-day simple moving average is $102.16 and its 200 day simple moving average is $101.84.

Vanguard Short-Term Tax-Exempt Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bridgewealth Advisory Group LLC boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 1.0% during the third quarter. Bridgewealth Advisory Group LLC now owns 9,782 shares of the company’s stock worth $997,000 after purchasing an additional 100 shares in the last quarter. Per Stirling Capital Management LLC. increased its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 1.6% in the 2nd quarter. Per Stirling Capital Management LLC. now owns 6,292 shares of the company’s stock valued at $635,000 after buying an additional 102 shares in the last quarter. McIlrath & Eck LLC raised its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 3.5% during the 3rd quarter. McIlrath & Eck LLC now owns 3,024 shares of the company’s stock worth $308,000 after buying an additional 102 shares during the period. Daymark Wealth Partners LLC raised its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 0.9% during the 3rd quarter. Daymark Wealth Partners LLC now owns 13,467 shares of the company’s stock worth $1,373,000 after buying an additional 117 shares during the period. Finally, Single Point Partners LLC lifted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 0.9% during the third quarter. Single Point Partners LLC now owns 13,827 shares of the company’s stock worth $1,409,000 after acquiring an additional 122 shares in the last quarter.

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.