Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) Shares Shorted: Short Interest Up 643.0% in October

Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 513,990 shares, an increase of 643.0% from the September 30th total of 69,182 shares. Currently, 8.5% of the shares of the company are short sold. Based on an average daily volume of 838,347 shares, the days-to-cover ratio is currently 0.6 days.

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

Shares of BATS:VTEI opened at $98.04 on Thursday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a one year low of $94.39 and a one year high of $102.66. The company has a 50-day simple moving average of $97.07 and a 200-day simple moving average of $99.80.

Hedge Funds Weigh In On Vanguard Intermediate-Term Tax-Exempt Bond ETF

Several institutional investors have recently added to or reduced their stakes in VTEI. AdvisorNet Financial Inc purchased a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the first quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF in the third quarter valued at about $47,000. Integrated Wealth Concepts LLC purchased a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 2nd quarter valued at approximately $57,000. North Star Investment Management Corp. purchased a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 3rd quarter valued at approximately $79,000. Finally, Ascentis Independent Advisors purchased a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 1st quarter valued at approximately $125,000.

About Vanguard Intermediate-Term Tax-Exempt Bond ETF

The Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) 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 20 years. VTEI was launched on Jan 30, 2024 and is issued by Vanguard.