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

Vanguard Total Corporate Bond Fund (NASDAQ:VTC) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 32,200 shares, a growth of 30.4% from the November 30th total of 24,700 shares. Based on an average trading volume of 53,200 shares, the days-to-cover ratio is presently 0.6 days.

Vanguard Total Corporate Bond Fund Trading Down 0.3 %

Shares of VTC opened at $75.59 on Friday. The stock has a fifty day moving average price of $76.98 and a two-hundred day moving average price of $77.40. Vanguard Total Corporate Bond Fund has a 52-week low of $73.95 and a 52-week high of $79.92.

Vanguard Total Corporate Bond Fund Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Tuesday, December 24th were given a dividend of $0.3097 per share. This is an increase from Vanguard Total Corporate Bond Fund’s previous dividend of $0.26. The ex-dividend date was Tuesday, December 24th.

Institutional Investors Weigh In On Vanguard Total Corporate Bond Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Drucker Wealth 3.0 LLC acquired a new stake in shares of Vanguard Total Corporate Bond Fund in the 2nd quarter valued at $11,083,000. Wedmont Private Capital raised its holdings in Vanguard Total Corporate Bond Fund by 11.1% during the 3rd quarter. Wedmont Private Capital now owns 809,524 shares of the company’s stock worth $63,208,000 after purchasing an additional 80,688 shares during the last quarter. Raine Group LLC acquired a new position in Vanguard Total Corporate Bond Fund during the 3rd quarter valued at about $4,901,000. Sanctuary Advisors LLC acquired a new position in Vanguard Total Corporate Bond Fund during the 2nd quarter valued at about $3,538,000. Finally, Mill Creek Capital Advisors LLC boosted its stake in shares of Vanguard Total Corporate Bond Fund by 2.1% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 905,831 shares of the company’s stock valued at $68,571,000 after purchasing an additional 18,806 shares during 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.