Short Interest in Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) Declines By 92.4%

Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 6,104 shares, a decline of 92.4% from the May 31st total of 80,639 shares. Based on an average daily trading volume, of 91,617 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Unison Advisors LLC boosted 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 worth $236,653,000 after purchasing an additional 172,174 shares during the last quarter. Ferguson Wellman Capital Management Inc. purchased a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 1st quarter valued at $57,973,000. TIAA Trust National Association raised its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 45.1% during the 4th quarter. TIAA Trust National Association now owns 403,849 shares of the company’s stock valued at $40,720,000 after buying an additional 125,479 shares during the last quarter. Joel Isaacson & Co. LLC raised its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 0.6% during the 4th quarter. Joel Isaacson & Co. LLC now owns 236,654 shares of the company’s stock valued at $23,862,000 after buying an additional 1,436 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF by 5.8% during the 4th quarter. HighTower Advisors LLC now owns 224,657 shares of the company’s stock valued at $22,652,000 after buying an additional 12,392 shares during the period.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Price Performance

VTEI traded up $0.02 during midday trading on Thursday, hitting $100.94. 73,859 shares of the company traded hands, compared to its average volume of 98,804. The company’s 50-day moving average is $100.57 and its 200 day moving average is $100.93. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 52 week low of $97.87 and a 52 week 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.