Short Interest in Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Drops By 35.9%

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 37,392 shares, a drop of 35.9% from the December 31st total of 58,361 shares. Based on an average daily trading volume, of 152,807 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 152,807 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Vanguard Short-Term Tax-Exempt Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Rossby Financial LCC bought a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the 3rd quarter worth approximately $33,000. Eastern Bank bought a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the second quarter worth $50,000. American National Bank & Trust grew its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 117.0% in the fourth quarter. American National Bank & Trust now owns 651 shares of the company’s stock worth $66,000 after purchasing an additional 351 shares during the period. Global Retirement Partners LLC increased its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 691.1% in the third quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock valued at $81,000 after purchasing an additional 698 shares in the last quarter. Finally, Rothschild Investment LLC raised its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 150.0% during the third quarter. Rothschild Investment LLC now owns 1,250 shares of the company’s stock valued at $127,000 after purchasing an additional 750 shares during the period.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

VTES traded up $0.06 during trading on Friday, reaching $102.32. 169,523 shares of the stock traded hands, compared to its average volume of 183,391. The stock’s 50-day moving average is $101.73 and its 200 day moving average is $101.66. Vanguard Short-Term Tax-Exempt Bond ETF has a 12 month low of $98.50 and a 12 month high of $102.39.

Vanguard Short-Term Tax-Exempt Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be paid a dividend of $0.2247 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend and a yield of 2.6%.

Vanguard Short-Term Tax-Exempt Bond ETF Company Profile

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.