Short Interest in Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Declines By 77.3%

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 7,279 shares, a drop of 77.3% from the June 15th total of 32,132 shares. Based on an average trading volume of 125,808 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Trading of Vanguard Total Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in the company. Sax Wealth Advisors LLC purchased a new position in Vanguard Total Corporate Bond ETF during the 2nd quarter valued at $10,820,000. CoreCap Advisors LLC increased its position in shares of Vanguard Total Corporate Bond ETF by 11.1% during the second quarter. CoreCap Advisors LLC now owns 172,305 shares of the company’s stock worth $13,233,000 after acquiring an additional 17,176 shares during the period. NewEdge Advisors LLC raised its stake in shares of Vanguard Total Corporate Bond ETF by 263.3% during the first quarter. NewEdge Advisors LLC now owns 9,864 shares of the company’s stock valued at $758,000 after acquiring an additional 7,149 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Vanguard Total Corporate Bond ETF by 1.9% during the first quarter. Royal Bank of Canada now owns 112,530 shares of the company’s stock valued at $8,646,000 after acquiring an additional 2,142 shares in the last quarter. Finally, Raine Group LLC grew its stake in Vanguard Total Corporate Bond ETF by 1.9% in the first quarter. Raine Group LLC now owns 39,046 shares of the company’s stock worth $3,000,000 after purchasing an additional 715 shares in the last quarter.

Vanguard Total Corporate Bond ETF Trading Down 0.2%

NASDAQ VTC traded down $0.13 during trading hours on Friday, hitting $75.91. 72,929 shares of the company were exchanged, compared to its average volume of 115,212. The stock has a 50-day moving average price of $76.58 and a 200 day moving average price of $77.19. Vanguard Total Corporate Bond ETF has a 52 week low of $75.62 and a 52 week high of $79.24.

Vanguard Total Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were issued a $0.316 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Wednesday, July 1st.

Vanguard Total Corporate Bond ETF Company Profile

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is a fund-of-funds. It tracks an index designed to provide exposure to investment-grade US corporate bonds with broad maturities. VTC was launched on Nov 7, 2017 and is managed by Vanguard.