Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sees Large Growth in Short Interest

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 103,900 shares, an increase of 315.6% from the August 31st total of 25,000 shares. Based on an average trading volume of 84,400 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 84,400 shares, the days-to-cover ratio is currently 1.2 days.

Vanguard Total Corporate Bond ETF Price Performance

Shares of VTC stock opened at $78.46 on Friday. Vanguard Total Corporate Bond ETF has a 1-year low of $73.79 and a 1-year high of $79.14. The stock has a 50-day moving average of $77.80 and a 200-day moving average of $76.72.

Vanguard Total Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.3076 per share. The ex-dividend date is Wednesday, October 1st. This represents a c) annualized dividend and a yield of 4.7%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of Vanguard Total Corporate Bond ETF in the 1st quarter valued at $36,000. Redmont Wealth Advisors LLC acquired a new position in Vanguard Total Corporate Bond ETF in the first quarter valued at $57,000. Ameritas Advisory Services LLC acquired a new position in Vanguard Total Corporate Bond ETF in the second quarter valued at $62,000. Creative Financial Designs Inc. ADV boosted its position in Vanguard Total Corporate Bond ETF by 13.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,170 shares of the company’s stock valued at $90,000 after acquiring an additional 140 shares during the last quarter. Finally, Christopher J. Hasenberg Inc acquired a new stake in Vanguard Total Corporate Bond ETF during the 2nd quarter worth about $138,000.

Vanguard Total Corporate Bond ETF Company Profile

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is a fund-of-funds. It tracks an index designed to provide exposure to investment-grade US corporate bonds with broad maturities. VTC was launched on Nov 7, 2017 and is managed by Vanguard.