Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Sees Major Increase in Short Interest

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC - Get Free Report) experienced a considerable rise in short interest throughout September. As of September 30th, the total short interest climbed to 27,200 shares, reflecting a significant growth of 33.3% from the short interest total of 20,400 shares recorded on September 15th. With an average daily volume of 46,800 shares, the current days-to-cover ratio stands at just 0.6 days.

Institutional Investors Take Action on Vanguard Total Corporate Bond Fund

Recently, various hedge funds and institutional investors have made changes to their investments in Vanguard Total Corporate Bond Fund. For instance, International Assets Investment Management LLC entered a new position in the fund during the second quarter, valued at approximately $31,000. Ridgewood Investments LLC also purchased a new stake valued around $38,000 in the same period. Additionally, Redmont Wealth Advisors LLC acquired a new position worth $57,000 during the first quarter, while Richardson Financial Services Inc. made a new investment valued at $114,000 in the first quarter. Lastly, Breakwater Investment Management bought a new stake valued at approximately $187,000 during the second quarter.

Trading Performance of Vanguard Total Corporate Bond Fund

On Friday, Vanguard Total Corporate Bond Fund traded slightly down by $0.01, bringing its price to $78.01. During midday trading, the volume reached 35,631 shares, compared to an average trading volume of 43,317 shares. The fund has recorded a 12-month low of $70.30 and a 12-month high of $79.92. Its fifty-day simple moving average is at $78.60, while the 200-day simple moving average is positioned at $76.74.

Dividend Update for Vanguard Total Corporate Bond Fund

The fund also recently announced a monthly dividend, which was paid out on Thursday, October 3rd. Shareholders on record as of Tuesday, October 1st, received a dividend of $0.283. This amounts to an annualized dividend of $3.40 and translates to a dividend yield of 4.35%. Notably, the ex-dividend date for this payment was also Tuesday, October 1st.

Overview of Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that tracks the Bloomberg U.S. Corporate Bond Index. This fund is designed to offer exposure to investment-grade U.S. corporate bonds with a wide range of maturities. Launched on November 7, 2017, it is managed by Vanguard.

Conclusion and Further Insights

For investors considering Vanguard Total Corporate Bond Fund, it is essential to stay informed about market movements and institutional investor actions. Understanding the changes in short interest and gaining insights from analysts can provide valuable perspectives for investment decisions.

Vanguard, Bonds, ShortInterest