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

Vanguard Total Corporate Bond Fund (NASDAQ:VTC) was the recipient of a significant growth in short interest in the month of 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 daily volume of 53,200 shares, the days-to-cover ratio is presently 0.6 days.

Vanguard Total Corporate Bond Fund Stock Down 0.3 %

Shares of VTC stock traded down $0.21 during trading hours on Friday, hitting $75.59. The company’s stock had a trading volume of 82,249 shares, compared to its average volume of 45,983. The company has a 50 day moving average of $76.93 and a 200 day moving average of $77.41. Vanguard Total Corporate Bond Fund has a 12-month low of $73.95 and a 12-month high of $79.92.

Vanguard Total Corporate Bond Fund Increases Dividend

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

Institutional Trading of Vanguard Total Corporate Bond Fund

A number of hedge funds have recently modified their holdings of VTC. Drucker Wealth 3.0 LLC acquired a new position in Vanguard Total Corporate Bond Fund in the second quarter valued at approximately $11,083,000. Wedmont Private Capital lifted its stake in shares of Vanguard Total Corporate Bond Fund by 11.1% in the 3rd quarter. Wedmont Private Capital now owns 809,524 shares of the company’s stock valued at $63,208,000 after purchasing an additional 80,688 shares during the period. Raine Group LLC purchased a new stake in Vanguard Total Corporate Bond Fund during the third quarter worth $4,901,000. Sanctuary Advisors LLC acquired a new stake in Vanguard Total Corporate Bond Fund during the second quarter valued at $3,538,000. Finally, Mill Creek Capital Advisors LLC increased its holdings in Vanguard Total Corporate Bond Fund by 2.1% in the second quarter. Mill Creek Capital Advisors LLC now owns 905,831 shares of the company’s stock valued at $68,571,000 after buying an additional 18,806 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.