Short Interest in Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Declines By 68.9%

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC) experienced a significant drop in short interest in December. As of December 31st, the short interest stood at 10,000 shares, marking a decrease of 68.9% from the 32,200 shares recorded on December 15th. This change indicates a shift in market sentiment toward the fund, and with an average daily trading volume of 55,400 shares, the current days-to-cover ratio is just 0.2 days.

Institutional Investors Take Positions in Vanguard Total Corporate Bond Fund

In recent months, various hedge funds and institutional investors have made adjustments to their holdings in the Vanguard Total Corporate Bond Fund. During the fourth quarter, Wedmont Private Capital increased its stake in the fund by 13.6%, accumulating 919,993 shares valued at approximately $68.9 million after acquiring an additional 110,469 shares. Similarly, Mill Creek Capital Advisors LLC raised its ownership by 0.8% during the third quarter, now holding 912,675 shares worth around $72.4 million following the purchase of 6,844 shares.

Axxcess Wealth Management LLC also expanded its position by 2.4% in the third quarter, reaching 711,694 shares valued at $56.4 million after buying an additional 16,906 shares. Furthermore, MML Investors Services LLC increased its stake by 1.2%, now owning 277,852 shares worth approximately $22 million after acquiring an additional 3,398 shares. Additionally, Drucker Wealth 3.0 LLC established a new stake in the fund valued at about $11.1 million during the second quarter.

Price Performance of Vanguard Total Corporate Bond Fund

On Monday, shares of the Vanguard Total Corporate Bond Fund traded down by $0.17, resulting in a price of $74.74. During the day, 44,823 shares exchanged hands, compared to an average volume of 67,760 shares. The stock's 50-day moving average is $76.59, while the 200-day moving average is $77.36. The fund has a recorded 12-month low of $73.95 and a high of $79.92.

Dividend Increase from Vanguard Total Corporate Bond Fund

The fund recently announced a dividend increase, with payments distributed on December 27th. Shareholders who were on record as of December 24th received a dividend of $0.3097 per share, up from the previous dividend of $0.26. The ex-dividend date was also December 24th.

Understanding Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) operates as an exchange-traded fund that is linked to the Bloomberg U.S. Corporate Bond index. This fund aims to provide broad exposure to investment-grade U.S. corporate bonds across various maturities. VTC was launched on November 7, 2017, and is managed by Vanguard.

Conclusion: Should You Invest in Vanguard Total Corporate Bond Fund?

Before making any investment in the Vanguard Total Corporate Bond Fund, investors are advised to consider various factors. While the fund currently holds a "Hold" rating from analysts, it is important to evaluate other investment options as well. MarketBeat highlights that several top analysts are currently recommending five stocks instead of the Vanguard Total Corporate Bond Fund for potentially better returns.

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