Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Short Interest Up 635.7% in March

Vanguard Total Corporate Bond Fund (NASDAQ:VTC) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 41,200 shares, an increase of 635.7% from the March 15th total of 5,600 shares. Based on an average daily volume of 78,500 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s stock are short sold.

Vanguard Total Corporate Bond Fund Stock Up 0.5 %

Shares of VTC stock opened at $75.12 on Tuesday. Vanguard Total Corporate Bond Fund has a 52-week low of $73.79 and a 52-week high of $79.92. The company has a 50-day simple moving average of $76.36 and a two-hundred day simple moving average of $76.64.

Vanguard Total Corporate Bond Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were paid a $0.2797 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $3.36 dividend on an annualized basis and a yield of 4.47%.

Institutional Investors Weigh In On Vanguard Total Corporate Bond Fund

Several large investors have recently made changes to their positions in the business. Consolidated Portfolio Review Corp purchased a new stake in Vanguard Total Corporate Bond Fund during the fourth quarter worth about $289,000. Golden State Wealth Management LLC bought a new stake in shares of Vanguard Total Corporate Bond Fund in the 4th quarter worth approximately $372,000. Leo Wealth LLC purchased a new position in Vanguard Total Corporate Bond Fund in the fourth quarter valued at approximately $2,721,000. Chicago Partners Investment Group LLC increased its position in Vanguard Total Corporate Bond Fund by 63.5% in the fourth quarter. Chicago Partners Investment Group LLC now owns 19,182 shares of the company’s stock worth $1,443,000 after buying an additional 7,453 shares during the last quarter. Finally, Oregon Pacific Wealth Management LLC bought a new position in shares of Vanguard Total Corporate Bond Fund during the 4th quarter worth $261,000.

About Vanguard Total Corporate Bond Fund

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.