Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Short Interest Up 142.5% in January

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 90,673 shares, an increase of 142.5% from the January 15th total of 37,392 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 214,088 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 214,088 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the company’s stock are short sold.

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

A number of institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 124.5% in the 1st quarter. NewEdge Advisors LLC now owns 5,935 shares of the company’s stock valued at $597,000 after buying an additional 3,291 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the first quarter valued at about $3,991,000. Focus Partners Wealth bought a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the first quarter worth about $611,000. Blair William & Co. IL bought a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the second quarter worth about $1,112,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 19.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,477 shares of the company’s stock worth $452,000 after purchasing an additional 716 shares during the last quarter.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

VTES remained flat at $102.49 during midday trading on Friday. 172,673 shares of the company traded hands, compared to its average volume of 178,096. The company’s 50 day moving average price is $101.89 and its two-hundred day moving average price is $101.74. Vanguard Short-Term Tax-Exempt Bond ETF has a 52-week low of $98.50 and a 52-week high of $102.56.

Vanguard Short-Term Tax-Exempt Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.2247 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, February 2nd.

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.