Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sees Large Decrease in Short Interest

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 5,860,576 shares, a drop of 47.3% from the May 14th total of 11,126,537 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,749,234 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Vanguard Tax-Exempt Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in Vanguard Tax-Exempt Bond ETF by 5.5% during the 4th quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock valued at $5,257,899,000 after purchasing an additional 5,461,346 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Vanguard Tax-Exempt Bond ETF by 2.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock valued at $1,843,204,000 after purchasing an additional 903,850 shares in the last quarter. Morgan Stanley increased its holdings in Vanguard Tax-Exempt Bond ETF by 9.4% during the 4th quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock valued at $1,265,937,000 after purchasing an additional 2,173,235 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Vanguard Tax-Exempt Bond ETF by 3.1% during the 1st quarter. Wealthfront Advisers LLC now owns 24,913,759 shares of the company’s stock valued at $1,242,947,000 after purchasing an additional 760,249 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Vanguard Tax-Exempt Bond ETF by 10.8% during the 4th quarter. Raymond James Financial Inc. now owns 24,614,196 shares of the company’s stock valued at $1,237,835,000 after purchasing an additional 2,396,916 shares in the last quarter.

Vanguard Tax-Exempt Bond ETF Price Performance

Shares of Vanguard Tax-Exempt Bond ETF stock traded down $0.04 during midday trading on Friday, hitting $50.30. 6,332,164 shares of the company were exchanged, compared to its average volume of 7,854,541. Vanguard Tax-Exempt Bond ETF has a 52 week low of $48.46 and a 52 week high of $51.18. The firm has a 50 day simple moving average of $50.20 and a 200-day simple moving average of $50.35.

Vanguard Tax-Exempt Bond ETF Company Profile

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.