Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Sees Large Growth in Short Interest

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 49,838 shares, a growth of 203.1% from the April 15th total of 16,441 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 159,726 shares, the days-to-cover ratio is currently 0.3 days.

Vanguard Short-Term Tax-Exempt Bond ETF Price Performance

Shares of NYSEARCA:VTES traded down $0.03 on Thursday, reaching $100.92. The company had a trading volume of 81,298 shares, compared to its average volume of 176,959. Vanguard Short-Term Tax-Exempt Bond ETF has a twelve month low of $100.04 and a twelve month high of $102.71. The stock has a 50-day moving average price of $101.33 and a 200 day moving average price of $101.66.

Institutional Investors Weigh In On Vanguard Short-Term Tax-Exempt Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTES. Nepc LLC bought a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the fourth quarter valued at approximately $30,000. AdvisorNet Financial Inc acquired a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the 1st quarter valued at $30,000. Rossby Financial LCC bought a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the 3rd quarter worth $33,000. Birchwood Financial Partners Inc. acquired a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter worth $36,000. Finally, Gould Capital LLC acquired a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter worth $51,000.

About Vanguard Short-Term Tax-Exempt Bond ETF

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.