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

Vanguard Total Corporate Bond Fund (NASDAQ:VTC) was the recipient of a significant drop in short interest in 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. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 72,000 shares, the days-to-cover ratio is presently 0.2 days.

Vanguard Total Corporate Bond Fund Stock Up 0.2 %

Shares of NASDAQ:VTC opened at $76.62 on Wednesday. The firm’s 50 day moving average price is $76.19 and its 200 day moving average price is $77.08. Vanguard Total Corporate Bond Fund has a fifty-two week low of $73.95 and a fifty-two week high of $79.92.

Vanguard Total Corporate Bond Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued a $0.2748 dividend. The ex-dividend date was Monday, March 3rd.

Institutional Trading of Vanguard Total Corporate Bond Fund

Several hedge funds have recently added to or reduced their stakes in VTC. Nepc LLC raised its holdings in Vanguard Total Corporate Bond Fund by 35.5% during the fourth quarter. Nepc LLC now owns 2,455,525 shares of the company’s stock worth $185,908,000 after purchasing an additional 642,813 shares in the last quarter. Wedmont Private Capital raised its holdings in Vanguard Total Corporate Bond Fund by 13.6% during the fourth quarter. Wedmont Private Capital now owns 919,993 shares of the company’s stock worth $68,917,000 after purchasing an additional 110,469 shares in the last quarter. Mill Creek Capital Advisors LLC raised its holdings in Vanguard Total Corporate Bond Fund by 0.4% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 916,624 shares of the company’s stock worth $69,398,000 after purchasing an additional 3,949 shares in the last quarter. Capital Asset Advisory Services LLC raised its holdings in Vanguard Total Corporate Bond Fund by 1.0% during the fourth quarter. Capital Asset Advisory Services LLC now owns 722,809 shares of the company’s stock worth $54,644,000 after purchasing an additional 6,982 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in Vanguard Total Corporate Bond Fund by 1.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 718,891 shares of the company’s stock worth $54,427,000 after purchasing an additional 7,197 shares in the last quarter.

About Vanguard Total Corporate Bond Fund

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.