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

Vanguard Total Corporate Bond Fund (NASDAQ:VTC) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 11,700 shares, an increase of 244.1% from the June 30th total of 3,400 shares. Based on an average daily volume of 31,800 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VTC. Bay Harbor Wealth Management LLC bought a new stake in shares of Vanguard Total Corporate Bond Fund during the 1st quarter worth about $31,000. Redmont Wealth Advisors LLC acquired a new position in shares of Vanguard Total Corporate Bond Fund in the 1st quarter valued at approximately $57,000. Planned Solutions Inc. acquired a new position in shares of Vanguard Total Corporate Bond Fund in the 4th quarter valued at approximately $115,000. Richardson Financial Services Inc. acquired a new position in shares of Vanguard Total Corporate Bond Fund in the 1st quarter valued at approximately $114,000. Finally, Dupree Financial Group LLC acquired a new position in shares of Vanguard Total Corporate Bond Fund in the 4th quarter valued at approximately $211,000.

Vanguard Total Corporate Bond Fund Trading Up 0.2 %

VTC traded up $0.17 during mid-day trading on Thursday, hitting $76.25. The stock had a trading volume of 1,318 shares, compared to its average volume of 40,531. Vanguard Total Corporate Bond Fund has a 1-year low of $70.30 and a 1-year high of $77.89. The stock’s fifty day simple moving average is $76.01 and its 200-day simple moving average is $75.95.

Vanguard Total Corporate Bond Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were given a $0.282 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Monday, July 1st.

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.