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 drop in short interest in December. As of December 31, short interest stood at 10,000 shares, representing a 68.9% decrease from the previous total of 32,200 shares reported on December 15. Given the average daily trading volume of 55,400 shares, the current days-to-cover ratio is just 0.2 days.

Institutional Investors Weigh In On Vanguard Total Corporate Bond Fund

Recently, various hedge funds and institutional investors have adjusted their positions in VTC. For instance, Wedmont Private Capital increased its stake in the Vanguard Total Corporate Bond Fund by 13.6% during the fourth quarter, bringing its total ownership to 919,993 shares valued at approximately $68,917,000 after acquiring an additional 110,469 shares. Mill Creek Capital Advisors LLC also grew its holdings by 0.8% in the third quarter, now holding 912,675 shares worth around $72,375,000 after purchasing an extra 6,844 shares. Furthermore, Axxcess Wealth Management LLC raised its position by 2.4% in the third quarter, resulting in ownership of 711,694 shares valued at $56,437,000 following an additional purchase of 16,906 shares. MML Investors Services LLC added to its stake by 1.2%, now owning 277,852 shares valued at $22,034,000 after acquiring 3,398 shares. Additionally, Drucker Wealth 3.0 LLC made a new investment in VTC during the second quarter, valued at about $11,083,000.

Vanguard Total Corporate Bond Fund Price Performance

On Monday, shares of the Vanguard Total Corporate Bond Fund experienced a decline of $0.17, trading at $74.74. During this period, 44,823 shares exchanged hands, in comparison to its average volume of 67,760 shares. The stock’s 50-day moving average is $76.59, while the 200-day moving average stands at $77.36. Over the past year, VTC has reached a low of $73.95 and a high of $79.92.

Vanguard Total Corporate Bond Fund Increases Dividend

The fund recently declared a dividend, which was paid to shareholders on December 27. Shareholders who were on record as of December 24 received a dividend payment of $0.3097 per share, an increase from the previous dividend of $0.26. The ex-dividend date was also December 24.

About 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 provide investors with exposure to investment-grade U.S. corporate bonds across a wide range of maturities. VTC was launched on November 7, 2017, and is managed by Vanguard.

Vanguard, Corporate, Bond