Short Interest in Vanguard Total Bond Market ETF (NASDAQ:BND) Increases By 29.1%

Vanguard Total Bond Market ETF (NASDAQ:BND) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 2,130,000 shares, an increase of 29.1% from the October 31st total of 1,650,000 shares. Based on an average daily volume of 6,258,300 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Vanguard Total Bond Market ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BND. Essex Financial Services Inc. boosted its position in shares of Vanguard Total Bond Market ETF by 4.9% in the 2nd quarter. Essex Financial Services Inc. now owns 3,009 shares of the company’s stock valued at $217,000 after purchasing an additional 140 shares during the period. Cahaba Wealth Management Inc. boosted its holdings in shares of Vanguard Total Bond Market ETF by 0.8% in the second quarter. Cahaba Wealth Management Inc. now owns 18,673 shares of the company’s stock valued at $1,345,000 after acquiring an additional 142 shares during the period. Hill Investment Group Partners LLC grew its position in shares of Vanguard Total Bond Market ETF by 0.8% during the second quarter. Hill Investment Group Partners LLC now owns 17,571 shares of the company’s stock worth $1,277,000 after acquiring an additional 144 shares during the last quarter. Towneley Capital Management Inc DE grew its position in shares of Vanguard Total Bond Market ETF by 4.7% during the third quarter. Towneley Capital Management Inc DE now owns 3,251 shares of the company’s stock worth $244,000 after acquiring an additional 145 shares during the last quarter. Finally, Cypress Point Wealth Management LLC increased its holdings in shares of Vanguard Total Bond Market ETF by 0.7% in the 3rd quarter. Cypress Point Wealth Management LLC now owns 19,939 shares of the company’s stock valued at $1,498,000 after acquiring an additional 145 shares during the period.

Vanguard Total Bond Market ETF Price Performance

Shares of BND traded up $0.27 during midday trading on Friday, reaching $73.60. The stock had a trading volume of 3,870,808 shares, compared to its average volume of 6,571,780. The company’s fifty day simple moving average is $73.54 and its two-hundred day simple moving average is $73.33. Vanguard Total Bond Market ETF has a 1-year low of $70.37 and a 1-year high of $75.67.

Vanguard Total Bond Market ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were paid a dividend of $0.2276 per share. This is a boost from Vanguard Total Bond Market ETF’s previous monthly dividend of $0.22. The ex-dividend date was Friday, November 1st. This represents a $2.73 annualized dividend and a yield of 3.71%.

About Vanguard Total Bond Market ETF

The Vanguard Total Bond Market ETF (BND) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad, market-value-weighted index of US dollar-denominated, investment-grade, taxable, fixed-income securities with maturities of at least one year. BND was launched on Apr 3, 2007 and is managed by Vanguard.