Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Sees Significant Drop in Short Interest

Vanguard Total Corporate Bond Fund (NASDAQ:VTC) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 14,100 shares, a drop of 16.6% from the February 13th total of 16,900 shares. Based on an average daily trading volume, of 72,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Vanguard Total Corporate Bond Fund Stock Up 0.2 %

Shares of VTC stock opened at $76.62 on Wednesday. The company has a 50-day moving average of $76.19 and a two-hundred day moving average of $77.08. Vanguard Total Corporate Bond Fund has a 1-year low of $73.95 and a 1-year high of $79.92.

Vanguard Total Corporate Bond Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.2748 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. PFG Investments LLC boosted its stake in shares of Vanguard Total Corporate Bond Fund by 6.6% in the fourth quarter. PFG Investments LLC now owns 10,916 shares of the company’s stock valued at $826,000 after purchasing an additional 673 shares during the period. Capital Asset Advisory Services LLC boosted its stake in shares of Vanguard Total Corporate Bond Fund by 1.0% in the fourth quarter. Capital Asset Advisory Services LLC now owns 722,809 shares of the company’s stock valued at $54,644,000 after purchasing an additional 6,982 shares during the period. RFG Advisory LLC boosted its stake in shares of Vanguard Total Corporate Bond Fund by 13.6% in the fourth quarter. RFG Advisory LLC now owns 14,280 shares of the company’s stock valued at $1,081,000 after purchasing an additional 1,709 shares during the period. Breakwater Investment Management boosted its stake in shares of Vanguard Total Corporate Bond Fund by 48.9% in the fourth quarter. Breakwater Investment Management now owns 15,046 shares of the company’s stock valued at $1,139,000 after purchasing an additional 4,943 shares during the period. Finally, Trust Co. of Vermont purchased a new position in shares of Vanguard Total Corporate Bond Fund in the fourth quarter valued at approximately $159,000.

Vanguard Total Corporate Bond Fund Company Profile

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is a fund-of-funds. It tracks an index designed to provide exposure to investment-grade US corporate bonds with broad maturities. VTC was launched on Nov 7, 2017 and is managed by Vanguard.