Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Short Interest Update

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 5,860,576 shares, a drop of 47.3% from the May 14th total of 11,126,537 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 8,749,234 shares, the short-interest ratio is presently 0.7 days.

Vanguard Tax-Exempt Bond ETF Stock Up 0.1%

VTEB traded up $0.05 during midday trading on Monday, reaching $50.35. 4,407,609 shares of the company’s stock were exchanged, compared to its average volume of 7,824,041. Vanguard Tax-Exempt Bond ETF has a one year low of $48.46 and a one year high of $51.18. The business has a 50-day simple moving average of $50.21 and a two-hundred day simple moving average of $50.35.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VTEB. Jane Street Group LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 1,498.4% in the first quarter. Jane Street Group LLC now owns 187,400 shares of the company’s stock valued at $9,299,000 after acquiring an additional 175,676 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 510.2% in the second quarter. Russell Investments Group Ltd. now owns 3,576 shares of the company’s stock valued at $175,000 after acquiring an additional 2,990 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 79.0% in the second quarter. First Trust Advisors LP now owns 11,052 shares of the company’s stock valued at $542,000 after acquiring an additional 4,878 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Vanguard Tax-Exempt Bond ETF in the second quarter valued at approximately $1,001,000. Finally, Main Street Financial Solutions LLC raised its stake in shares of Vanguard Tax-Exempt Bond ETF by 2.9% in the second quarter. Main Street Financial Solutions LLC now owns 47,957 shares of the company’s stock valued at $2,351,000 after acquiring an additional 1,364 shares during the last quarter.

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.