Short Interest in Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Declines By 68.9%

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC) experienced a significant reduction in short interest in December. As of December 31st, the short interest amounted to 10,000 shares, representing a decline of 68.9% from the 32,200 shares reported on December 15th. With an average daily trading volume of 55,400 shares, the days-to-cover ratio currently stands at just 0.2 days.

Institutional Investors' Activity

In recent weeks, various institutional investors have made adjustments to their positions in the Vanguard Total Corporate Bond Fund. For instance, Wedmont Private Capital raised its stake by 13.6% during the fourth quarter, resulting in ownership of 919,993 shares valued at approximately $68.9 million after acquiring an additional 110,469 shares. Similarly, Mill Creek Capital Advisors LLC increased its holdings by 0.8% in the third quarter, now owning 912,675 shares worth $72.4 million after a purchase of 6,844 shares. Axxcess Wealth Management LLC also upped its position by 2.4% in the third quarter, bringing its total to 711,694 shares valued at around $56.4 million after acquiring 16,906 shares. In addition, MML Investors Services LLC increased its stake by 1.2% during the same period, owning 277,852 shares valued at $22.0 million. Finally, Drucker Wealth 3.0 LLC took a new position in the second quarter valued at about $11.1 million.

Vanguard Total Corporate Bond Fund's Performance

On a recent trading day, shares of the Vanguard Total Corporate Bond Fund dipped by $0.17, reaching $74.74. Approximately 44,823 shares changed hands, compared to the average trading volume of 67,760. Currently, the 50-day moving average stands at $76.59, while the 200-day moving average is $77.36. Over the past twelve months, the fund has recorded a low of $73.95 and a high of $79.92.

Dividend Announcement

The Vanguard Total Corporate Bond Fund also recently declared a dividend of $0.3097 per share, which was paid out on December 27th. Shareholders who were recorded on December 24th received this dividend, which is an increase from the previous pay rate of $0.26 per share. The ex-dividend date was also noted as December 24th.

About Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is designed to track the Bloomberg U.S. Corporate Bond Index. It offers exposure to investment-grade U.S. corporate bonds across various maturities. Launched on November 7, 2017, the fund is managed by Vanguard.

Vanguard, Bond, Investment