Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Short Interest Down 32.4% in August

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 5,926,770 shares, a drop of 32.4% from the July 30th total of 8,764,690 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 7,340,765 shares, the days-to-cover ratio is presently 0.8 days.

Vanguard Tax-Exempt Bond ETF Trading Down 0.7%

Shares of Vanguard Tax-Exempt Bond ETF stock opened at $48.98 on Wednesday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $48.76 and a 52-week high of $51.18. The company has a 50 day moving average of $49.92 and a 200 day moving average of $50.17.

Institutional Investors Weigh In On Vanguard Tax-Exempt Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Valeo Financial Advisors LLC increased its stake in Vanguard Tax-Exempt Bond ETF by 72.8% in the fourth quarter. Valeo Financial Advisors LLC now owns 71,361 shares of the company’s stock valued at $3,589,000 after purchasing an additional 30,068 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth approximately $1,001,000. LJI Wealth Management LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 53.7% in the 4th quarter. LJI Wealth Management LLC now owns 44,403 shares of the company’s stock valued at $2,233,000 after buying an additional 15,521 shares in the last quarter. Fort Point Capital Partners LLC boosted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 54.1% in the 4th quarter. Fort Point Capital Partners LLC now owns 1,035,648 shares of the company’s stock valued at $52,414,000 after buying an additional 363,519 shares in the last quarter. Finally, Argos Wealth Advisors LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at $2,160,000.

About Vanguard Tax-Exempt Bond ETF

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.