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

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 20,557 shares, a decrease of 98.0% from the September 30th total of 1,051,997 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 782,778 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VTES. Washington Trust Advisors Inc. boosted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 5.8% in the 2nd quarter. Washington Trust Advisors Inc. now owns 2,347 shares of the company’s stock valued at $238,000 after buying an additional 129 shares during the last quarter. Frankly Finances LLC raised its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 0.6% in the first quarter. Frankly Finances LLC now owns 21,401 shares of the company’s stock valued at $2,164,000 after purchasing an additional 133 shares in the last quarter. Waverly Advisors LLC increased its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 1.1% in the second quarter. Waverly Advisors LLC now owns 13,293 shares of the company’s stock valued at $1,347,000 after acquiring an additional 150 shares during the last quarter. Bryn Mawr Trust Advisors LLC raised its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 5.6% during the 1st quarter. Bryn Mawr Trust Advisors LLC now owns 3,678 shares of the company’s stock worth $372,000 after buying an additional 195 shares in the last quarter. Finally, Cornerstone Financial Management LLC lifted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 3.9% in the second quarter. Cornerstone Financial Management LLC now owns 5,922 shares of the company’s stock worth $600,000 after acquiring an additional 225 shares during the last quarter.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

Shares of VTES stock opened at $100.46 on Tuesday. Vanguard Short-Term Tax-Exempt Bond ETF has a 52 week low of $98.02 and a 52 week high of $102.71. The stock’s fifty day moving average is $99.72 and its 200-day moving average is $100.99.

About Vanguard Short-Term Tax-Exempt Bond ETF

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.