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

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 49,838 shares, a growth of 203.1% from the April 15th total of 16,441 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 159,726 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Vanguard Short-Term Tax-Exempt Bond ETF

Large investors have recently added to or reduced their stakes in the company. Quantinno Capital Management LP increased its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 52.0% during the 1st quarter. Quantinno Capital Management LP now owns 11,416 shares of the company’s stock valued at $1,155,000 after purchasing an additional 3,907 shares during the last quarter. Waverly Advisors LLC increased its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 37.7% during the 1st quarter. Waverly Advisors LLC now owns 13,143 shares of the company’s stock valued at $1,329,000 after purchasing an additional 3,600 shares during the last quarter. Compound Planning Inc. bought a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the 1st quarter valued at approximately $298,000. Signature Equity Partners LLC grew its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 165.3% during the 1st quarter. Signature Equity Partners LLC now owns 2,364 shares of the company’s stock valued at $239,000 after purchasing an additional 1,473 shares during the last quarter. Finally, NewEdge Wealth LLC bought a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the 1st quarter valued at about $337,000.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Down 0.2%

VTES traded down $0.17 on Friday, hitting $100.75. 179,668 shares of the company’s stock traded hands, compared to its average volume of 176,987. The company’s 50 day simple moving average is $101.31 and its 200-day simple moving average is $101.66. Vanguard Short-Term Tax-Exempt Bond ETF has a one year low of $100.06 and a one year high of $102.71.

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.