Short Interest in Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Increases By 166.5%

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 165,352 shares, a growth of 166.5% from the February 12th total of 62,050 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 161,071 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 161,071 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.0% of the company’s shares are sold short.

Vanguard Short-Term Tax-Exempt Bond ETF Price Performance

Shares of VTES stock traded up $0.05 during mid-day trading on Friday, hitting $101.74. The stock had a trading volume of 167,964 shares, compared to its average volume of 177,734. Vanguard Short-Term Tax-Exempt Bond ETF has a 12-month low of $98.50 and a 12-month high of $102.71. The firm’s 50-day moving average is $102.17 and its two-hundred day moving average is $101.84.

Vanguard Short-Term Tax-Exempt Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a $0.2362 dividend. This represents a c) dividend on an annualized basis and a yield of 2.8%. This is a boost from Vanguard Short-Term Tax-Exempt Bond ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend was Monday, March 2nd.

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

Several large investors have recently modified their holdings of the business. Laurel Wealth Advisors LLC lifted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 10,377.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,385,053 shares of the company’s stock worth $139,793,000 after purchasing an additional 1,371,834 shares during the period. TIAA Trust National Association bought a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the third quarter worth approximately $25,478,000. Karpus Management Inc. lifted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 1,057.6% during the second quarter. Karpus Management Inc. now owns 232,100 shares of the company’s stock worth $23,426,000 after buying an additional 212,050 shares during the period. Corient Private Wealth LLC lifted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 78.8% during the second quarter. Corient Private Wealth LLC now owns 324,142 shares of the company’s stock worth $32,716,000 after buying an additional 142,881 shares during the period. Finally, Bedel Financial Consulting Inc. boosted its position in Vanguard Short-Term Tax-Exempt Bond ETF by 628.7% during the 4th quarter. Bedel Financial Consulting Inc. now owns 164,779 shares of the company’s stock valued at $16,737,000 after acquiring an additional 142,165 shares in the last quarter.

About Vanguard Short-Term Tax-Exempt Bond ETF

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.