Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sees Significant Drop in Short-Term Interest

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The Vanguard Total Corporate Bond ETF (NASDAQ:VTC – Get Rating) was the target of a sharp decline in short-term interest during the month of June. As of June 30, there was short interest totaling 25,500 shares, a decrease of 44.6% from the total of 46,000 shares as of June 15. Based on an average daily volume of 31,300 shares, the short interest ratio is currently 0.8 days.

Vanguard Total Corporate Bond ETF shares up 0.6%

Vanguard Total Corporate Bond ETF stock opened at $77.96 on Friday. The company has a fifty-day simple moving average of $77.76 and a 200-day simple moving average of $82.18. Vanguard Total Corporate Bond ETF has a 12-month low of $75.28 and a 12-month high of $93.33.

The Vanguard Total Corporate Bond ETF increases its dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, July 7. Shareholders of record on Tuesday, July 5 received a dividend of $0.186 per share. This is a boost from the Vanguard Total Corporate Bond ETF’s previous monthly dividend of $0.18. This represents an annualized dividend of $2.23 and a dividend yield of 2.86%. The ex-dividend date was Friday, July 1.

Institutional investors weigh in on the Vanguard Total Corporate Bond ETF

Institutional investors have recently changed their stake in the company. Envestnet Asset Management Inc. increased its stake in Vanguard Total Corporate Bond ETF by 3.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 400,635 shares of the company worth $36,334,000 after acquiring an additional 14,908 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in Vanguard Total Corporate Bond ETF during Q1 worth $2,739,000. Checchi Capital Advisers LLC increased its stake in Vanguard Total Corporate Bond ETF by 0.8% in the fourth quarter. Checchi Capital Advisers LLC now owns 26,415 shares of the company valued at $2,396,000 after purchasing an additional 220 shares during the period. Altfest LJ & Co. Inc. acquired a new position in Vanguard Total Corporate Bond ETF in the fourth quarter worth $210,000. Finally, Rinkey Investments acquired a new position in Vanguard Total Corporate Bond ETF in the fourth quarter worth $74,000.

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