Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Sees Large Growth in Short Interest

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 63,294 shares, a growth of 557.2% from the April 15th total of 9,631 shares. Based on an average daily trading volume, of 123,594 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC purchased a new position in shares of Vanguard Total Corporate Bond ETF during the 4th quarter valued at approximately $39,000. Ascentis Independent Advisors purchased a new position in Vanguard Total Corporate Bond ETF in the 1st quarter valued at $49,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Vanguard Total Corporate Bond ETF in the 3rd quarter worth $58,000. Winthrop Capital Management LLC increased its stake in shares of Vanguard Total Corporate Bond ETF by 11.4% in the 4th quarter. Winthrop Capital Management LLC now owns 2,200 shares of the company’s stock worth $171,000 after acquiring an additional 225 shares during the last quarter. Finally, Investment Advisory Group LLC acquired a new stake in shares of Vanguard Total Corporate Bond ETF in the 3rd quarter worth $202,000.

Vanguard Total Corporate Bond ETF Trading Down 0.3%

Shares of NASDAQ:VTC traded down $0.24 during midday trading on Tuesday, reaching $76.52. 9,796 shares of the company’s stock traded hands, compared to its average volume of 121,758. Vanguard Total Corporate Bond ETF has a 1 year low of $74.91 and a 1 year high of $79.24. The company has a fifty day simple moving average of $77.01 and a two-hundred day simple moving average of $77.68.

Vanguard Total Corporate Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were given a dividend of $0.3141 per share. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%.

About Vanguard Total Corporate Bond ETF

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is a fund-of-funds. It tracks an index designed to provide exposure to investment-grade US corporate bonds with broad maturities. VTC was launched on Nov 7, 2017 and is managed by Vanguard.