Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) Sees Large Drop in Short Interest

Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 10,196 shares, a decline of 71.5% from the July 15th total of 35,720 shares. Based on an average daily trading volume, of 107,739 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Trading Down 0.2%

Shares of BATS:VTEI opened at $99.51 on Friday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 1 year low of $98.38 and a 1 year high of $102.66. The stock has a 50-day simple moving average of $100.18 and a 200-day simple moving average of $100.68.

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

A number of institutional investors have recently added to or reduced their stakes in VTEI. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 2nd quarter worth approximately $245,000. Worth Asset Management LLC purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 2nd quarter valued at approximately $296,000. 55 North Private Wealth LLC boosted its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 76.7% during the 2nd quarter. 55 North Private Wealth LLC now owns 6,377 shares of the company’s stock valued at $644,000 after buying an additional 2,769 shares during the last quarter. Midwest Financial Network LLC grew its position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 118.1% during the second quarter. Midwest Financial Network LLC now owns 5,598 shares of the company’s stock worth $565,000 after buying an additional 3,031 shares in the last quarter. Finally, Mullaney Keating & Wright Inc. acquired a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the first quarter worth approximately $280,000.

About Vanguard Intermediate-Term Tax-Exempt Bond ETF

The Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) 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 20 years. VTEI was launched on Jan 30, 2024 and is issued by Vanguard.