Vanguard Long-Term Treasury ETF (NASDAQ:VGLT) Sees Large Drop in Short Interest

Vanguard Long-Term Treasury ETF (NASDAQ:VGLT) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 1,798,655 shares, a decline of 14.4% from the February 26th total of 2,100,084 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 3,647,305 shares, the short-interest ratio is presently 0.5 days.

Vanguard Long-Term Treasury ETF Stock Performance

Shares of Vanguard Long-Term Treasury ETF stock opened at $55.35 on Wednesday. The firm’s 50 day simple moving average is $56.18 and its two-hundred day simple moving average is $56.56. Vanguard Long-Term Treasury ETF has a 12-month low of $53.17 and a 12-month high of $59.46.

Vanguard Long-Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1874 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

Hedge Funds Weigh In On Vanguard Long-Term Treasury ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VGLT. Integrated Wealth Concepts LLC grew its stake in Vanguard Long-Term Treasury ETF by 7.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,719 shares of the company’s stock valued at $329,000 after purchasing an additional 421 shares during the last quarter. Creative Planning lifted its holdings in shares of Vanguard Long-Term Treasury ETF by 8.6% during the second quarter. Creative Planning now owns 14,538 shares of the company’s stock worth $816,000 after purchasing an additional 1,153 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Vanguard Long-Term Treasury ETF by 876.4% during the second quarter. Franklin Resources Inc. now owns 2,519 shares of the company’s stock worth $141,000 after purchasing an additional 2,261 shares during the period. Lido Advisors LLC purchased a new stake in Vanguard Long-Term Treasury ETF in the second quarter valued at approximately $559,000. Finally, Baird Financial Group Inc. increased its holdings in Vanguard Long-Term Treasury ETF by 8.5% in the 2nd quarter. Baird Financial Group Inc. now owns 80,136 shares of the company’s stock worth $4,497,000 after buying an additional 6,269 shares during the period.

Vanguard Long-Term Treasury ETF Company Profile

Vanguard Long Term Government Bond ETF (the Fund) seeks to track the performance of a market-weighted government bond index with a long-term, dollar-weighted average maturity. It employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S. Long Government Float Adjusted Index (the Index). This Index includes fixed-income securities issued by the United States Treasury (not including inflation-protected bonds) and the United States Government agencies and instrumentalities, as well as corporate or dollar-denominated foreign debt guaranteed by the United States Government, with maturities greater than 10 years.