Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) Sees Large Increase in Short Interest

Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 7,360,000 shares, an increase of 40.2% from the May 15th total of 5,250,000 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 4,974,100 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new stake in Vanguard Short-Term Corporate Bond ETF during the 4th quarter valued at $252,000. Union Bancaire Privee UBP SA bought a new position in Vanguard Short-Term Corporate Bond ETF during the fourth quarter valued at $14,730,000. Vontobel Holding Ltd. raised its stake in shares of Vanguard Short-Term Corporate Bond ETF by 3.4% in the fourth quarter. Vontobel Holding Ltd. now owns 20,033 shares of the company’s stock valued at $1,563,000 after acquiring an additional 660 shares during the period. WealthPLAN Partners LLC bought a new stake in shares of Vanguard Short-Term Corporate Bond ETF in the 4th quarter worth about $226,000. Finally, Nations Financial Group Inc. IA ADV boosted its stake in shares of Vanguard Short-Term Corporate Bond ETF by 14.5% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 9,760 shares of the company’s stock worth $761,000 after purchasing an additional 1,238 shares during the period.

Vanguard Short-Term Corporate Bond ETF Price Performance

Vanguard Short-Term Corporate Bond ETF stock traded up $0.05 during mid-day trading on Monday, reaching $78.89. 1,045,982 shares of the company’s stock traded hands, compared to its average volume of 4,558,713. Vanguard Short-Term Corporate Bond ETF has a 12-month low of $76.92 and a 12-month high of $79.54. The stock has a 50 day moving average of $78.68 and a two-hundred day moving average of $78.48.

Vanguard Short-Term Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, June 2nd were issued a $0.297 dividend. This is an increase from Vanguard Short-Term Corporate Bond ETF’s previous monthly dividend of $0.28. The ex-dividend date was Monday, June 2nd. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.52%.

About Vanguard Short-Term Corporate Bond ETF

The Vanguard Short-Term Corporate Bond ETF (VCSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade, fixed-rate corporate bonds with maturities between 1 and 5 years. VCSH was launched on Nov 19, 2009 and is managed by Vanguard.