Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Experiences Notable Rise in Short Interest

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC) witnessed a remarkable increase in short interest during September. As of September 30th, the short interest stood at 27,200 shares, marking a 33.3% rise from the previous total of 20,400 shares recorded on September 15th. Given the average daily trading volume of 46,800 shares, the days-to-cover ratio is currently at 0.6 days.

Recent Institutional Investment Activity

Several institutional investors and hedge funds have recently adjusted their positions in the Vanguard Total Corporate Bond Fund. Notably, International Assets Investment Management LLC acquired a new stake during the second quarter, valued at approximately $31,000. Additionally, Ridgewood Investments LLC also purchased a new position in the same quarter, estimated at around $38,000. Redmont Wealth Advisors LLC invested in the fund during the first quarter with a position worth $57,000, while Richardson Financial Services Inc. acquired a stake valued at $114,000 in the first quarter as well. Finally, Breakwater Investment Management made a new investment in the second quarter, amounting to roughly $187,000.

Current Trading Performance

Vanguard Total Corporate Bond Fund shares traded at $78.01 during midday on Friday, reflecting a decline of $0.01. The trading volume was 35,631 shares, compared to an average volume of 43,317 shares. Over the past year, the stock has seen a low of $70.30 and a high of $79.92. The company's fifty-day simple moving average is $78.60, and the 200-day simple moving average rests at $76.74.

Dividend Announcement

Recently, the fund disclosed its monthly dividend, which was paid on Thursday, October 3rd. Investors on record as of Tuesday, October 1st, received a dividend of $0.283, translating to an annualized rate of $3.40, with a dividend yield of 4.35%. The ex-dividend date for this payout was also Tuesday, October 1st.

Overview of Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund designed to track the Bloomberg U.S. Corporate Bond index. This fund is categorized as a fund-of-funds, focusing on investment-grade US corporate bonds across a range of maturities. It was established on November 7, 2017, and is managed by the Vanguard Group.

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Vanguard, Bonds, Investment