Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) Sees Significant Decrease in Short Interest

Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 20,346 shares, a drop of 34.0% from the August 15th total of 30,837 shares. Based on an average daily trading volume, of 74,172 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Vanguard Intermediate-Term Tax-Exempt Bond ETF

Several hedge funds have recently modified their holdings of the stock. Unison Advisors LLC grew its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 7.8% in the first quarter. Unison Advisors LLC now owns 2,367,952 shares of the company’s stock valued at $236,653,000 after purchasing an additional 172,174 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the first quarter worth approximately $57,973,000. TIAA Trust National Association raised its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 45.1% during the fourth quarter. TIAA Trust National Association now owns 403,849 shares of the company’s stock worth $40,720,000 after purchasing an additional 125,479 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 5.8% in the 4th quarter. HighTower Advisors LLC now owns 224,657 shares of the company’s stock valued at $22,652,000 after purchasing an additional 12,392 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 53.8% in the 1st quarter. Bank of America Corp DE now owns 205,701 shares of the company’s stock valued at $20,558,000 after purchasing an additional 71,932 shares during the last quarter.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Performance

VTEI opened at $97.06 on Friday. The business has a 50-day moving average of $98.97 and a two-hundred day moving average of $100.04. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 12 month low of $96.80 and a 12 month high of $102.66.

About Vanguard Intermediate-Term Tax-Exempt Bond ETF

The Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) 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 20 years. VTEI was launched on Jan 30, 2024 and is issued by Vanguard.