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

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC - Get Free Report) experienced a substantial drop in short interest in October. As of October 15th, the total short interest reached 8,600 shares, marking a decline of 68.4% from the 27,200 shares reported on September 30th. Given an average daily trading volume of 48,600 shares, the short-interest ratio currently stands at just 0.2 days.

Institutional Investors Take Action

Recent activity from institutional investors has affected the stock's standing. During the third quarter, PFG Investments LLC initiated a new position in Vanguard Total Corporate Bond Fund valued at $812,000. Lake Street Advisors Group LLC increased its stake by 6.0%, bringing its total share ownership to 20,225, equivalent to a value of $1,604,000 after acquiring an additional 1,149 shares. Meanwhile, Private Advisor Group LLC raised its stake by 8.4%, now holding 16,603 shares worth $1,317,000, following a purchase of 1,289 shares. Bfsg LLC's position rose by 1.1% with a new total of 26,965 shares, valued at $2,138,000 after acquiring 295 shares. Lastly, Wedmont Private Capital expanded its stake by 11.1%, owning 809,524 shares valued at $63,208,000 subsequent to purchasing 80,688 additional shares.

Vanguard Total Corporate Bond Fund Trading Performance

On the trading front, VTC saw a slight increase of 0.2% on Friday, with shares trading at $77.47. The day recorded a trading volume of 1,289 shares, while the average volume stands at 43,060. The 50-day simple moving average is at $78.64, and the 200-day simple moving average is $76.85. Throughout the past year, Vanguard Total Corporate Bond Fund recorded a low of $70.74 and a high of $79.92.

Recent Dividend Announcement

The fund announced a monthly dividend, which was distributed on October 3rd. Investors on record as of October 1st received a dividend of $0.283 per share, translating to an annualized dividend of $3.40 with a yield of 4.38%. The ex-dividend date was set for October 1st.

Understanding Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is designed as an exchange-traded fund based on the Bloomberg U.S. Corporate Bond index. This fund is categorized as a fund-of-funds, tracking an index that aims to provide exposure to investment-grade US corporate bonds across a broad range of maturities. Since its launch on November 7, 2017, it has been managed by Vanguard.

Investment Considerations

Before making investment decisions regarding Vanguard Total Corporate Bond Fund, investors are advised to evaluate other potential opportunities. Research suggests there are multiple stocks currently viewed as better investment choices by top analysts.

Vanguard, Bonds, Investment