Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Short Interest Down 26.8% in December

Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 12,392,331 shares, a decline of 26.8% from the December 15th total of 16,922,291 shares. Based on an average daily volume of 7,556,109 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.7% of the company’s stock are sold short. Currently, 1.7% of the company’s stock are sold short. Based on an average daily volume of 7,556,109 shares, the days-to-cover ratio is presently 1.6 days.

Vanguard Intermediate-Term Corporate Bond ETF Stock Down 0.2%

Shares of VCIT traded down $0.19 during midday trading on Friday, reaching $83.78. 11,216,567 shares of the stock were exchanged, compared to its average volume of 13,969,161. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $78.66 and a 12-month high of $84.84. The firm has a 50 day simple moving average of $83.91 and a 200-day simple moving average of $83.64.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, December 1st were paid a $0.3223 dividend. The ex-dividend date was Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VCIT. Brighton Jones LLC increased its position in Vanguard Intermediate-Term Corporate Bond ETF by 107.9% during the fourth quarter. Brighton Jones LLC now owns 8,916 shares of the company’s stock worth $716,000 after buying an additional 4,627 shares during the last quarter. Balefire LLC acquired a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 2nd quarter valued at about $265,000. Sovran Advisors LLC increased its holdings in shares of Vanguard Intermediate-Term Corporate Bond ETF by 8.8% during the 2nd quarter. Sovran Advisors LLC now owns 16,858 shares of the company’s stock valued at $1,382,000 after acquiring an additional 1,361 shares during the last quarter. Focus Financial Network Inc. raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.9% in the 2nd quarter. Focus Financial Network Inc. now owns 3,824 shares of the company’s stock valued at $317,000 after acquiring an additional 177 shares in the last quarter. Finally, Wedmont Private Capital lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 132.8% in the 2nd quarter. Wedmont Private Capital now owns 6,539 shares of the company’s stock worth $538,000 after purchasing an additional 3,730 shares during the last quarter.

Vanguard Intermediate-Term Corporate Bond ETF Company Profile

Vanguard Intermediate-Term Corporate Bond ETF seeks to track the performance of the Barclays Capital U.S. 5-10 Year Corporate Bond Index, a subset of the Barclays Capital U.S. Aggregate Float Adjusted Index. The Barclays Capital U.S. 5-10 Year Corporate Bond Index measures the investment return of U.S. dollar denominated, investment-grade, fixed rate, taxable securities issued by industrial, utility, and financial companies with maturities between 5 and 10 years. Vanguard Group, Inc provides investment adisory services to the Fund.