Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Short Interest Down 85.0% in March

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 24,736 shares, a decline of 85.0% from the February 26th total of 165,352 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 191,743 shares, the days-to-cover ratio is currently 0.1 days.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Down 0.1%

Shares of NYSEARCA VTES traded down $0.12 during trading on Thursday, reaching $100.96. 165,506 shares of the stock traded hands, compared to its average volume of 182,809. Vanguard Short-Term Tax-Exempt Bond ETF has a 52-week low of $98.50 and a 52-week high of $102.71. The company has a 50-day moving average of $102.10 and a 200-day moving average of $101.83.

Vanguard Short-Term Tax-Exempt Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were given a dividend of $0.2362 per share. This is a boost from Vanguard Short-Term Tax-Exempt Bond ETF’s previous monthly dividend of $0.22. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, March 2nd.

Institutional Trading of Vanguard Short-Term Tax-Exempt Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Nepc LLC bought a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the 4th quarter worth approximately $30,000. Rossby Financial LCC bought a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the 3rd quarter valued at $33,000. Birchwood Financial Partners Inc. bought a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter valued at $36,000. Gould Capital LLC purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter worth $51,000. Finally, American National Bank & Trust lifted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 117.0% during the fourth quarter. American National Bank & Trust now owns 651 shares of the company’s stock worth $66,000 after acquiring an additional 351 shares in the last quarter.

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.