Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Sees Large Decline in Short Interest

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 62,050 shares, a decrease of 31.6% from the January 29th total of 90,673 shares. Based on an average daily volume of 167,557 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 167,557 shares, the short-interest ratio is currently 0.4 days.

Vanguard Short-Term Tax-Exempt Bond ETF Trading Down 0.4%

Shares of VTES traded down $0.41 during midday trading on Monday, hitting $102.25. The company’s stock had a trading volume of 184,128 shares, compared to its average volume of 174,256. Vanguard Short-Term Tax-Exempt Bond ETF has a one year low of $98.50 and a one year high of $102.71. The company’s fifty day simple moving average is $102.10 and its two-hundred day simple moving average is $101.82.

Vanguard Short-Term Tax-Exempt Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd will be issued a $0.2362 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from Vanguard Short-Term Tax-Exempt Bond ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 2nd.

Hedge Funds Weigh In On Vanguard Short-Term Tax-Exempt Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTES. Nepc LLC bought a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter valued at $30,000. Rossby Financial LCC bought a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the 3rd quarter worth $33,000. Birchwood Financial Partners Inc. acquired a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter worth about $36,000. Gould Capital LLC bought a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the 4th quarter valued at about $51,000. Finally, American National Bank & Trust increased its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 117.0% in the fourth quarter. American National Bank & Trust now owns 651 shares of the company’s stock valued at $66,000 after buying an additional 351 shares during the period.

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.