Short Interest in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Declines By 32.4%

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 5,926,770 shares, a decline of 32.4% from the July 30th total of 8,764,690 shares. Based on an average daily trading volume, of 7,340,765 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.7% of the shares of the stock are short sold.

Institutional Trading of Vanguard Tax-Exempt Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.5% during the 4th quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock valued at $5,257,899,000 after buying an additional 5,461,346 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 2.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock worth $1,843,204,000 after acquiring an additional 903,850 shares during the last quarter. Morgan Stanley increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 9.4% in the fourth quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock worth $1,265,937,000 after acquiring an additional 2,173,235 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.1% during the first quarter. Wealthfront Advisers LLC now owns 24,913,759 shares of the company’s stock worth $1,242,947,000 after acquiring an additional 760,249 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 10.8% during the fourth quarter. Raymond James Financial Inc. now owns 24,614,196 shares of the company’s stock worth $1,237,835,000 after acquiring an additional 2,396,916 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Stock Performance

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $48.95 on Thursday. The business has a fifty day simple moving average of $49.89 and a 200-day simple moving average of $50.16. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $48.81 and a fifty-two week high of $51.18.

About Vanguard Tax-Exempt Bond ETF

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.