Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Short Interest Update

Vanguard Total Corporate Bond Fund (NASDAQ:VTC) was the recipient of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 11,200 shares, a drop of 84.3% from the July 31st total of 71,400 shares. Based on an average trading volume of 42,300 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cetera Investment Advisers grew its position in Vanguard Total Corporate Bond Fund by 0.9% during the 2nd quarter. Cetera Investment Advisers now owns 88,619 shares of the company’s stock worth $6,709,000 after purchasing an additional 775 shares during the last quarter. Truist Financial Corp grew its position in Vanguard Total Corporate Bond Fund by 98.9% during the 2nd quarter. Truist Financial Corp now owns 17,201 shares of the company’s stock worth $1,302,000 after purchasing an additional 8,552 shares during the last quarter. Drucker Wealth 3.0 LLC purchased a new stake in Vanguard Total Corporate Bond Fund during the 2nd quarter worth approximately $11,083,000. Semmax Financial Advisors Inc. grew its position in Vanguard Total Corporate Bond Fund by 7.7% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 17,542 shares of the company’s stock worth $1,366,000 after purchasing an additional 1,253 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC grew its position in Vanguard Total Corporate Bond Fund by 2.1% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 905,831 shares of the company’s stock worth $68,571,000 after purchasing an additional 18,806 shares during the last quarter.

Vanguard Total Corporate Bond Fund Trading Down 0.0 %

Shares of VTC opened at $78.62 on Wednesday. Vanguard Total Corporate Bond Fund has a 1-year low of $70.30 and a 1-year high of $78.83. The company has a 50-day moving average of $76.94 and a 200 day moving average of $76.09.

Vanguard Total Corporate Bond Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 5th. Stockholders of record on Thursday, August 1st were given a $0.279 dividend. This represents a $3.35 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date was Thursday, August 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.