Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) Shares Shorted: Short Interest Up 236.6% in September

Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 68,491 shares, a growth of 236.6% from the August 31st total of 20,346 shares. Based on an average daily volume of 218,998 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.1% of the company’s shares are sold short.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Price Performance

VTEI opened at $95.35 on Friday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 1 year low of $95.19 and a 1 year high of $102.66. The firm has a 50 day moving average price of $98.48 and a 200 day moving average price of $99.82.

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

Large investors have recently made changes to their positions in the business. Unison Advisors LLC increased its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 7.8% in the 1st quarter. Unison Advisors LLC now owns 2,367,952 shares of the company’s stock valued at $236,653,000 after purchasing an additional 172,174 shares in the last quarter. Ferguson Wellman Capital Management Inc. acquired a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the first quarter worth about $57,973,000. TIAA Trust National Association lifted its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 45.1% during the fourth quarter. TIAA Trust National Association now owns 403,849 shares of the company’s stock worth $40,720,000 after purchasing an additional 125,479 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 10.7% during the second quarter. Envestnet Asset Management Inc. now owns 383,067 shares of the company’s stock worth $38,678,000 after purchasing an additional 37,076 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 53.8% in the first quarter. Bank of America Corp DE now owns 205,701 shares of the company’s stock worth $20,558,000 after buying an additional 71,932 shares during the period.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Company Profile

The Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) 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 20 years. VTEI was launched on Jan 30, 2024 and is issued by Vanguard.