Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Stock Short Interest Rises 131.8%

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 211,273 shares, an increase of 131.8% from the August 31st total of 91,128 shares. Based on an average daily volume of 1,036,702 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.9% of the shares of the company are short sold.

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

Several hedge funds have recently made changes to their positions in VTES. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 20.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,783 shares of the company’s stock worth $687,000 after buying an additional 1,165 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 100,525 shares of the company’s stock valued at $10,184,000 after acquiring an additional 8,187 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Vanguard Short-Term Tax-Exempt Bond ETF by 27.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 24,896 shares of the company’s stock worth $2,522,000 after acquiring an additional 5,347 shares during the period. NewEdge Advisors LLC lifted its position in Vanguard Short-Term Tax-Exempt Bond ETF by 17.1% during the 2nd quarter. NewEdge Advisors LLC now owns 34,423 shares of the company’s stock worth $3,487,000 after acquiring an additional 5,031 shares during the period. Finally, Baird Financial Group Inc. grew its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 145.0% in the 2nd quarter. Baird Financial Group Inc. now owns 5,913 shares of the company’s stock valued at $599,000 after purchasing an additional 3,500 shares during the last quarter.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Down 0.3%

NYSEARCA:VTES traded down $0.32 during trading hours on Monday, reaching $98.16. 1,795,115 shares of the company’s stock were exchanged, compared to its average volume of 265,186. Vanguard Short-Term Tax-Exempt Bond ETF has a 1-year low of $98.06 and a 1-year high of $102.71. The company has a 50-day moving average of $100.31 and a 200 day moving average of $100.87.

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.