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

Vanguard Total Corporate Bond ETF (NASDAQ:VTCGet Rating) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 1,500 shares, a drop of 91.8% from the August 15th total of 18,300 shares. Based on an average daily trading volume, of 35,600 shares, the short-interest ratio is currently 0.0 days.

Vanguard Total Corporate Bond ETF Trading Down 0.5 %

NASDAQ VTC opened at $75.44 on Wednesday. Vanguard Total Corporate Bond ETF has a twelve month low of $75.12 and a twelve month high of $93.09. The firm has a 50-day simple moving average of $77.80 and a 200 day simple moving average of $79.27.

Vanguard Total Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.202 per share. This is a boost from Vanguard Total Corporate Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date was Thursday, September 1st. This represents a $2.42 dividend on an annualized basis and a yield of 3.21%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VTC. Rinkey Investments bought a new position in Vanguard Total Corporate Bond ETF during the fourth quarter worth about $74,000. Kistler Tiffany Companies LLC bought a new position in Vanguard Total Corporate Bond ETF during the second quarter worth about $145,000. Harvest Group Wealth Management LLC bought a new position in Vanguard Total Corporate Bond ETF during the second quarter worth about $158,000. Investment Advisory Group LLC bought a new position in Vanguard Total Corporate Bond ETF during the second quarter worth about $236,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Vanguard Total Corporate Bond ETF during the first quarter worth about $248,000.

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