Vanguard Total Corporate Bond ETF (NASDAQ:VTC) Short Interest Update

Vanguard Total Corporate Bond ETF (NASDAQ:VTC) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 13,625 shares, an increase of 87.2% from the June 30th total of 7,279 shares. Based on an average daily volume of 91,202 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Vanguard Total Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in VTC. Royal Bank of Canada grew its holdings in Vanguard Total Corporate Bond ETF by 3.1% during the 1st quarter. Royal Bank of Canada now owns 98,970 shares of the company’s stock worth $7,600,000 after acquiring an additional 2,978 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Vanguard Total Corporate Bond ETF in the 2nd quarter valued at about $297,000. Betterment LLC raised its stake in shares of Vanguard Total Corporate Bond ETF by 9.7% in the 2nd quarter. Betterment LLC now owns 4,798 shares of the company’s stock valued at $371,000 after purchasing an additional 426 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Vanguard Total Corporate Bond ETF by 4.7% during the second quarter. Bank of America Corp DE now owns 499,380 shares of the company’s stock worth $38,617,000 after purchasing an additional 22,560 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in shares of Vanguard Total Corporate Bond ETF by 63.6% during the second quarter. MML Investors Services LLC now owns 269,456 shares of the company’s stock worth $20,837,000 after purchasing an additional 104,760 shares during the last quarter.

Vanguard Total Corporate Bond ETF Stock Performance

VTC stock opened at $75.40 on Friday. The stock’s 50 day moving average is $76.33 and its two-hundred day moving average is $76.98. Vanguard Total Corporate Bond ETF has a 52-week low of $75.16 and a 52-week high of $79.24.

Vanguard Total Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.316 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

About Vanguard Total Corporate Bond ETF

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.