Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Sees Significant Growth in Short Interest

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 48,682 shares, an increase of 136.8% from the October 15th total of 20,557 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 445,912 shares, the days-to-cover ratio is presently 0.1 days.

Vanguard Short-Term Tax-Exempt Bond ETF Price Performance

NYSEARCA:VTES traded down $0.09 on Friday, hitting $100.22. The company had a trading volume of 232,164 shares, compared to its average volume of 314,807. The firm has a 50 day moving average of $99.66 and a two-hundred day moving average of $100.89. Vanguard Short-Term Tax-Exempt Bond ETF has a 52 week low of $98.02 and a 52 week high of $102.71.

Institutional Trading of Vanguard Short-Term Tax-Exempt Bond ETF

A number of institutional investors have recently bought and sold shares of the company. Mayport LLC increased its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 20.2% in the 3rd quarter. Mayport LLC now owns 76,783 shares of the company’s stock valued at $7,571,000 after acquiring an additional 12,928 shares in the last quarter. Essex Financial Services Inc. acquired a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the 3rd quarter valued at $512,000. Benjamin Edwards Inc. bought a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the third quarter worth $328,000. Private Advisor Group LLC bought a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the third quarter worth $3,945,000. Finally, Independent Advisor Alliance boosted its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 77.1% during the third quarter. Independent Advisor Alliance now owns 3,606 shares of the company’s stock worth $363,000 after acquiring an additional 1,570 shares in the last quarter.

Vanguard Short-Term Tax-Exempt Bond ETF Company Profile

The Vanguard Short-Term Tax Exempt Bond ETF (VTES) 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 seven years. VTES was launched on Feb 22, 2023 and is managed by Vanguard.