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

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC) experienced a notable rise in short interest during September. By the end of September, the short interest had climbed to 27,200 shares, marking a 33.3% increase from the 20,400 shares reported on September 15. Analyzing the average daily trading volume of 46,800 shares, the current days-to-cover ratio stands at 0.6 days.

Recent Activities of Institutional Investors

In recent times, several institutional investors have either expanded or reduced their investments in the Vanguard Total Corporate Bond Fund. For instance, International Assets Investment Management LLC established a new position in the fund during the second quarter, valued at approximately $31,000. Additionally, Ridgewood Investments LLC also bought a new stake in the fund in the same quarter worth around $38,000. Redmont Wealth Advisors LLC entered the fund market with an investment of $57,000 in the first quarter, while Richardson Financial Services Inc. invested $114,000 during that same period. Finally, Breakwater Investment Management made a significant entry into the fund, valuing their new position at approximately $187,000.

Current Trading Performance

On Friday, the Vanguard Total Corporate Bond Fund saw a slight decline of $0.01, bringing the trading price to $78.01. The trading volume for the day was 35,631 shares, which is lower than the average volume of 43,317 shares. Over the past year, the fund’s stock has seen a low of $70.30 and a high of $79.92. The fifty-day simple moving average is recorded at $78.60, while the 200-day simple moving average stands at $76.74.

Latest Dividend Announcement

Recently, the Vanguard Total Corporate Bond Fund declared a monthly dividend, which was distributed on October 3rd. Investors who held shares by October 1st received a dividend of $0.283. This translates to an annualized dividend of $3.40, equating to a yield of 4.35%. The ex-dividend date was also set for October 1st.

Overview of Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund tracking the Bloomberg U.S. Corporate Bond index. Launched on November 7, 2017, VTC is a fund-of-funds that aims to provide investors with exposure to investment-grade U.S. corporate bonds across various maturities. It is managed by Vanguard, a well-known investment management company.

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This news update has been prepared with the aim of providing accurate and timely information for investors.

Considerations for Investment

Before deciding to invest in Vanguard Total Corporate Bond Fund, it's essential to gather insights into the current market dynamics. Analysts are keeping close watch on various stocks, and while VTC currently holds a "hold" rating, several other stocks may present more promising opportunities worth considering.

To gain more knowledge on recommended investments, check out the suggestions from analysts focused on hidden gems in the market.

Vanguard, Bonds, Investing