Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Sees Significant Growth in Short Interest

Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 23,910,000 shares, an increase of 41.0% from the October 15th total of 16,960,000 shares. Based on an average daily volume of 6,875,300 shares, the days-to-cover ratio is presently 3.5 days.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of NASDAQ:VCIT traded down $0.11 during midday trading on Thursday, reaching $80.82. The company had a trading volume of 5,899,384 shares, compared to its average volume of 6,997,668. The company’s 50 day moving average price is $82.65 and its 200 day moving average price is $81.37. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $76.66 and a 52-week high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were paid a $0.3166 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 4.70%. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30. The ex-dividend date was Friday, November 1st.

Institutional Investors Weigh In On Vanguard Intermediate-Term Corporate Bond ETF

Several large investors have recently modified their holdings of VCIT. Providence Capital Advisors LLC bought a new position in Vanguard Intermediate-Term Corporate Bond ETF during the third quarter valued at $25,000. Bull Oak Capital LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF during the 3rd quarter worth $27,000. Sound Income Strategies LLC grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 73.9% during the 3rd quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock worth $30,000 after acquiring an additional 150 shares during the period. Pineridge Advisors LLC increased its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 57.3% in the 1st quarter. Pineridge Advisors LLC now owns 412 shares of the company’s stock worth $33,000 after acquiring an additional 150 shares during the last quarter. Finally, American National Bank raised its stake in Vanguard Intermediate-Term Corporate Bond ETF by 70.7% in the 2nd quarter. American National Bank now owns 471 shares of the company’s stock valued at $38,000 after acquiring an additional 195 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Company Profile

Vanguard Intermediate-Term Corporate Bond ETF seeks to track the performance of the Barclays Capital U.S. 5-10 Year Corporate Bond Index, a subset of the Barclays Capital U.S. Aggregate Float Adjusted Index. The Barclays Capital U.S. 5-10 Year Corporate Bond Index measures the investment return of U.S.