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

Vanguard Long-Term Treasury ETF (NASDAQ:VGLT) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,343,762 shares, an increase of 34.1% from the January 29th total of 1,002,337 shares. Based on an average daily volume of 2,497,680 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.7% of the shares of the stock are sold short. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 2,497,680 shares, the days-to-cover ratio is presently 0.5 days.

Vanguard Long-Term Treasury ETF Trading Down 0.2%

Shares of VGLT traded down $0.11 during midday trading on Tuesday, hitting $57.03. 6,972,062 shares of the company traded hands, compared to its average volume of 3,048,116. Vanguard Long-Term Treasury ETF has a one year low of $53.17 and a one year high of $59.46. The stock has a 50-day moving average of $56.33 and a 200-day moving average of $56.59.

Vanguard Long-Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd will be paid a $0.1874 dividend. The ex-dividend date is Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.9%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Empower Advisory Group LLC raised its holdings in shares of Vanguard Long-Term Treasury ETF by 7.2% during the 2nd quarter. Empower Advisory Group LLC now owns 12,485,403 shares of the company’s stock valued at $700,681,000 after buying an additional 833,733 shares in the last quarter. Morgan Stanley raised its stake in shares of Vanguard Long-Term Treasury ETF by 16.7% during the fourth quarter. Morgan Stanley now owns 10,894,021 shares of the company’s stock worth $607,886,000 after acquiring an additional 1,562,796 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Vanguard Long-Term Treasury ETF by 2.7% in the 3rd quarter. Voya Investment Management LLC now owns 8,201,497 shares of the company’s stock worth $466,337,000 after acquiring an additional 212,199 shares during the last quarter. Nepc LLC lifted its holdings in shares of Vanguard Long-Term Treasury ETF by 12.8% in the 4th quarter. Nepc LLC now owns 7,763,007 shares of the company’s stock worth $433,176,000 after acquiring an additional 878,866 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Vanguard Long-Term Treasury ETF by 5.0% in the 2nd quarter. Bank of America Corp DE now owns 7,037,090 shares of the company’s stock valued at $394,922,000 after purchasing an additional 336,479 shares in the last quarter.

About Vanguard Long-Term Treasury ETF

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.