Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Short Interest Down 53.9% in December

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 18,301 shares, a drop of 53.9% from the November 30th total of 39,719 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 106,333 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 106,333 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

Shares of VTES traded up $0.03 on Monday, hitting $101.48. 92,973 shares of the stock traded hands, compared to its average volume of 94,886. Vanguard Short-Term Tax-Exempt Bond ETF has a 1 year low of $98.50 and a 1 year high of $102.39. The stock’s 50 day moving average is $101.53 and its two-hundred day moving average is $101.47.

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

Several hedge funds have recently made changes to their positions in the business. Rossby Financial LCC acquired a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the 3rd quarter worth approximately $33,000. Physician Wealth Advisors Inc. grew its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 82.7% during the second quarter. Physician Wealth Advisors Inc. now owns 360 shares of the company’s stock worth $36,000 after buying an additional 163 shares during the period. Eastern Bank acquired a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the second quarter worth $50,000. Global Retirement Partners LLC increased its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 691.1% in the third quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock worth $81,000 after acquiring an additional 698 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the 2nd quarter valued at $83,000.

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.