Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Sees Significant Growth in Short Interest

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 18,530,729 shares, a growth of 72.1% from the September 15th total of 10,766,180 shares. Based on an average daily volume of 9,493,233 shares, the days-to-cover ratio is currently 2.0 days. Approximately 14.9% of the company’s shares are short sold.

Vanguard Long-Term Corporate Bond ETF Stock Performance

Vanguard Long-Term Corporate Bond ETF stock traded down $0.23 during trading on Friday, hitting $69.74. The company’s stock had a trading volume of 4,165,137 shares, compared to its average volume of 5,543,597. The stock’s fifty day moving average is $70.74 and its 200 day moving average is $73.13. Vanguard Long-Term Corporate Bond ETF has a 1-year low of $67.56 and a 1-year high of $79.28.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in Vanguard Long-Term Corporate Bond ETF by 33.3% in the first quarter. Royal Bank of Canada now owns 852,628 shares of the exchange traded fund’s stock valued at $63,708,000 after purchasing an additional 212,997 shares during the period. Davidson Capital Management Inc. increased its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 2.8% during the 3rd quarter. Davidson Capital Management Inc. now owns 747,412 shares of the exchange traded fund’s stock worth $51,198,000 after buying an additional 20,538 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Vanguard Long-Term Corporate Bond ETF by 296.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 681,612 shares of the exchange traded fund’s stock worth $50,930,000 after buying an additional 509,611 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in Vanguard Long-Term Corporate Bond ETF by 3.8% in the first quarter. Sanctuary Advisors LLC now owns 594,398 shares of the exchange traded fund’s stock valued at $44,413,000 after acquiring an additional 21,885 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Vanguard Long-Term Corporate Bond ETF by 5.1% in the second quarter. Envestnet Asset Management Inc. now owns 529,936 shares of the exchange traded fund’s stock valued at $39,878,000 after acquiring an additional 25,658 shares during the last quarter.

About Vanguard Long-Term Corporate Bond ETF

Vanguard Long Term Corporate Bond ETF (the Fund) seeks to track the performance of a market-weighted corporate bond index with a long-term, dollar-weighted average maturity. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S. 10+ Year Corporate Index (the Index). This index includes the United States dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility and financial companies, with maturities greater than 10 years.