Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Short Interest Down 21.1% in February

Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 12,925,185 shares, a drop of 21.1% from the January 29th total of 16,382,770 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily volume of 9,813,800 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 9,813,800 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.8% of the shares of the company are short sold.

Institutional Trading of Vanguard Intermediate-Term Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VCIT. Caldwell Trust Co purchased a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the second quarter worth about $25,000. Aspect Partners LLC purchased a new position in Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter worth approximately $28,000. Brown Brothers Harriman & Co. raised its position in Vanguard Intermediate-Term Corporate Bond ETF by 136.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 347 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Monetary Solutions Ltd acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at approximately $30,000. Finally, Richards Merrill & Peterson Inc. acquired a new stake in Vanguard Intermediate-Term Corporate Bond ETF during the 4th quarter valued at approximately $30,000.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

NASDAQ:VCIT opened at $84.10 on Wednesday. Vanguard Intermediate-Term Corporate Bond ETF has a twelve month low of $78.66 and a twelve month high of $84.84. The company’s 50 day moving average is $84.03 and its two-hundred day moving average is $83.99.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, March 2nd will be given a $0.3026 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, March 2nd.

Vanguard Intermediate-Term Corporate Bond ETF Company Profile

Vanguard Intermediate-Term Corporate Bond ETF seeks to track the performance of the Barclays Capital U.S. 5-10 Year Corporate Bond Index, a subset of the Barclays Capital U.S. Aggregate Float Adjusted Index. The Barclays Capital U.S. 5-10 Year Corporate Bond Index measures the investment return of U.S. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.