Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Experiences Notable Surge in Short Interest

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC) observed a remarkable increase in short interest for the month of September. As of September 30th, the total short interest reached 27,200 shares, marking a significant rise of 33.3% compared to the previous total of 20,400 shares reported on September 15th. With an average daily trading volume of 46,800 shares, the current short-interest ratio stands at 0.6 days.

Changes by Institutional Investors

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

Recent Trading Activity

On a recent trading day, the Vanguard Total Corporate Bond Fund saw a slight decline of $0.01, bringing its price to $78.01. The trading volume during this period reached 35,631 shares, which is lower than its average volume of 43,317 shares. Over the past twelve months, the fund has recorded a low of $70.30 and a high of $79.92. Currently, its fifty-day simple moving average is $78.60, while the 200-day simple moving average is at $76.74.

Dividend Announcement

The Vanguard Total Corporate Bond Fund recently announced a monthly dividend, which was disbursed on Thursday, October 3rd. Shareholders registered as of Tuesday, October 1st, received a dividend of $0.283. This amount translates to an annualized dividend of $3.40, corresponding to a dividend yield of 4.35%. The ex-dividend date was also set for October 1st.

Overview of Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund designed to track the Bloomberg U.S. Corporate Bond Index. This fund aims to provide exposure to a broad range of investment-grade corporate bonds in the United States, covering various maturities. Launched on November 7, 2017, it is managed by Vanguard.

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This article aims to provide readers with the latest insights and developments regarding Vanguard Total Corporate Bond Fund and is presented neutrally, based on recent market data.

Considering Investment in Vanguard Total Corporate Bond Fund

Before deciding to invest in Vanguard Total Corporate Bond Fund, it’s important to gather comprehensive information from various sources. It can be beneficial to consult top-rated analysts who might suggest alternative investment options. Currently, Vanguard Total Corporate Bond Fund holds a "hold" rating among analysts, while several stocks are garnering attention as more favorable investment choices.

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