Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Short Interest Down 25.7% in March

Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 12,490,000 shares, a drop of 25.7% from the February 28th total of 16,820,000 shares. Based on an average daily volume of 6,779,100 shares, the short-interest ratio is currently 1.8 days. Approximately 2.1% of the shares of the company are short sold.

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

Several large investors have recently made changes to their positions in VCIT. Fisher Asset Management LLC boosted its position in Vanguard Intermediate-Term Corporate Bond ETF by 4.8% during the 4th quarter. Fisher Asset Management LLC now owns 92,783,951 shares of the company’s stock worth $7,447,768,000 after acquiring an additional 4,289,340 shares during the period. Bank of America Corp DE raised its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 4.5% during the fourth quarter. Bank of America Corp DE now owns 63,704,527 shares of the company’s stock valued at $5,113,562,000 after purchasing an additional 2,752,661 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 50,189,734 shares of the company’s stock worth $4,028,730,000 after purchasing an additional 2,992,971 shares during the period. Royal Bank of Canada grew its position in Vanguard Intermediate-Term Corporate Bond ETF by 4.1% in the 4th quarter. Royal Bank of Canada now owns 11,856,196 shares of the company’s stock valued at $951,697,000 after buying an additional 472,145 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Vanguard Intermediate-Term Corporate Bond ETF by 5.2% during the 4th quarter. LPL Financial LLC now owns 11,292,264 shares of the company’s stock valued at $906,430,000 after buying an additional 553,333 shares during the period.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

NASDAQ:VCIT opened at $81.76 on Tuesday. The business has a 50 day simple moving average of $81.13 and a 200 day simple moving average of $81.47. Vanguard Intermediate-Term Corporate Bond ETF has a 12-month low of $77.80 and a 12-month high of $84.26.

Vanguard Intermediate-Term Corporate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were given a dividend of $0.2865 per share. The ex-dividend date was Monday, March 3rd.

About Vanguard Intermediate-Term Corporate Bond ETF

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.