Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Short Interest Down 77.4% in May

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The Vanguard Total Corporate Bond ETF (NASDAQ:VTC – Get Rating) benefited from a significant drop in short-term interest rates in May. As of May 15, there was short interest totaling 4,700 shares, down 77.4% from April 30’s total of 20,800 shares. Based on an average daily volume of 41,200 shares, the day-to-cover ratio is currently 0.1 day.

Shares of the Vanguard Total Corporate Bond ETF opened at $79.74 on Thursday. The company has a 50-day moving average of $80.34 and a 200-day moving average of $85.63. Vanguard Total Corporate Bond ETF has a 52-week low of $77.22 and a 52-week high of $93.33.

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 5. Investors of record on Tuesday, May 3 received a dividend of $0.183 per share. This is a boost from the Vanguard Total Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date was Monday, May 2. This represents an annualized dividend of $2.20 and a yield of 2.75%.

Institutional investors and hedge funds have recently been buying and selling stocks. Envestnet Asset Management Inc. increased its position in Vanguard Total Corporate Bond ETF by 3.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 400,635 shares of the company worth $36,334,000 after purchasing an additional 14,908 shares during the period. Beam Wealth Advisors Inc. acquired a new position in Vanguard Total Corporate Bond ETF during the fourth quarter worth approximately $247,000. Wedmont Private Capital acquired a new position in Vanguard Total Corporate Bond ETF during the fourth quarter worth approximately $12,627,000. Checchi Capital Advisers LLC increased its stake in Vanguard Total Corporate Bond ETF by 0.8% during the fourth quarter. Checchi Capital Advisers LLC now owns 26,415 shares of the company worth $2,396,000 after acquiring an additional 220 shares in the last quarter. Finally, Altfest LJ & Co. Inc. acquired a new position in Vanguard Total Corporate Bond ETF during the fourth quarter worth approximately $210,000.

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