Short Interest in Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Grows By 240.0%

Vanguard Total Corporate Bond Fund (NASDAQ:VTC) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 20,400 shares, a growth of 240.0% from the August 31st total of 6,000 shares. Based on an average daily volume of 47,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Vanguard Total Corporate Bond Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new position in Vanguard Total Corporate Bond Fund in the second quarter valued at $3,538,000. Cetera Investment Advisers lifted its holdings in Vanguard Total Corporate Bond Fund by 0.9% in the second quarter. Cetera Investment Advisers now owns 88,619 shares of the company’s stock valued at $6,709,000 after buying an additional 775 shares during the period. Truist Financial Corp lifted its holdings in Vanguard Total Corporate Bond Fund by 98.9% in the second quarter. Truist Financial Corp now owns 17,201 shares of the company’s stock valued at $1,302,000 after buying an additional 8,552 shares during the period. Drucker Wealth 3.0 LLC acquired a new position in Vanguard Total Corporate Bond Fund in the second quarter valued at $11,083,000. Finally, Semmax Financial Advisors Inc. lifted its holdings in Vanguard Total Corporate Bond Fund by 7.7% in the second quarter. Semmax Financial Advisors Inc. now owns 17,542 shares of the company’s stock valued at $1,366,000 after buying an additional 1,253 shares during the period.

Vanguard Total Corporate Bond Fund Stock Up 0.1 %

Shares of VTC opened at $79.56 on Wednesday. Vanguard Total Corporate Bond Fund has a 12 month low of $70.30 and a 12 month high of $79.92. The firm’s 50 day moving average is $78.09 and its 200-day moving average is $76.52.

Vanguard Total Corporate Bond Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, September 3rd were given a $0.293 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $3.52 dividend on an annualized basis and a yield of 4.42%. This is a positive change from Vanguard Total Corporate Bond Fund’s previous monthly dividend of $0.28.

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.