Short Interest in Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Increases By 306.4%

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 135,097 shares, an increase of 306.4% from the May 31st total of 33,245 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 175,815 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VTES. Mercer Global Advisors Inc. ADV boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 8.9% during the third quarter. Mercer Global Advisors Inc. ADV now owns 1,374,774 shares of the company’s stock valued at $140,124,000 after buying an additional 111,927 shares during the last quarter. Wescott Financial Advisory Group LLC raised its position in Vanguard Short-Term Tax-Exempt Bond ETF by 5.1% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 668,567 shares of the company’s stock worth $67,910,000 after buying an additional 32,412 shares during the last quarter. Bank of America Corp DE lifted its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 35.8% during the 1st quarter. Bank of America Corp DE now owns 378,943 shares of the company’s stock valued at $38,326,000 after acquiring an additional 99,912 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 78.8% during the 2nd quarter. Corient Private Wealth LLC now owns 324,142 shares of the company’s stock valued at $32,716,000 after acquiring an additional 142,881 shares during the last quarter. Finally, TIAA Trust National Association boosted its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% during the 4th quarter. TIAA Trust National Association now owns 281,168 shares of the company’s stock valued at $28,560,000 after acquiring an additional 31,200 shares during the last quarter.

Vanguard Short-Term Tax-Exempt Bond ETF Price Performance

Shares of VTES traded down $0.04 on Friday, hitting $101.27. 174,993 shares of the stock traded hands, compared to its average volume of 175,437. Vanguard Short-Term Tax-Exempt Bond ETF has a one year low of $100.61 and a one year high of $102.71. The business has a 50 day simple moving average of $101.12 and a 200 day simple moving average of $101.57.

Vanguard Short-Term Tax-Exempt Bond ETF Company Profile

The Vanguard Short-Term Tax Exempt Bond ETF (VTES) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of tax-exempt investment grade debt issued by US state and local governments or agencies. The fund includes muni bonds with an effective maturity below seven years. VTES was launched on Feb 22, 2023 and is managed by Vanguard.