Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Short Interest Update

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 91,128 shares, a growth of 57.4% from the August 15th total of 57,894 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 273,903 shares, the days-to-cover ratio is currently 0.3 days.

Vanguard Short-Term Tax-Exempt Bond ETF Trading Up 0.1%

Shares of VTES traded up $0.07 during mid-day trading on Thursday, reaching $99.69. 131,380 shares of the company’s stock were exchanged, compared to its average volume of 235,038. Vanguard Short-Term Tax-Exempt Bond ETF has a 52-week low of $99.57 and a 52-week high of $102.71. The company has a 50-day simple moving average of $100.62 and a two-hundred day simple moving average of $101.04.

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

Several hedge funds have recently bought and sold shares of VTES. Wescott Financial Advisory Group LLC increased its position in Vanguard Short-Term Tax-Exempt Bond ETF by 5.1% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 668,567 shares of the company’s stock worth $67,910,000 after purchasing an additional 32,412 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 35.8% during the 1st quarter. Bank of America Corp DE now owns 378,943 shares of the company’s stock worth $38,326,000 after purchasing an additional 99,912 shares during the last quarter. TIAA Trust National Association boosted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% during the 4th quarter. TIAA Trust National Association now owns 281,168 shares of the company’s stock worth $28,560,000 after purchasing an additional 31,200 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% during the fourth quarter. Savant Capital LLC now owns 106,331 shares of the company’s stock worth $10,801,000 after buying an additional 11,852 shares in the last quarter. Finally, Beacon Bank & Trust grew its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 2.0% during the second quarter. Beacon Bank & Trust now owns 96,154 shares of the company’s stock worth $9,741,000 after buying an additional 1,926 shares in the last quarter.

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.