Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Experiences Significant Drop in Short Interest

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC - Get Free Report) experienced a major decrease in short interest throughout October. As of October 15th, the short interest stood at 8,600 shares, marking a substantial drop of 68.4% compared to the 27,200 shares recorded on September 30th. With an average daily trading volume of 48,600 shares, this results in a short-interest ratio of just 0.2 days.

Institutional Investors Focus on Vanguard Total Corporate Bond Fund

Multiple hedge funds and institutional investors have recently adjusted their holdings in Vanguard Total Corporate Bond Fund. Notably, PFG Investments LLC established a new position in the fund worth $812,000 in the third quarter. Lake Street Advisors Group LLC increased its stake by 6.0%, now owning 20,225 shares valued at $1,604,000 after acquiring an additional 1,149 shares. Private Advisor Group LLC also expanded its investment by 8.4%, now holding 16,603 shares worth $1,317,000 following an increase of 1,289 shares in the last quarter. Bfsg LLC raised its stake by 1.1%, bringing its total to 26,965 shares valued at $2,138,000 after adding 295 shares. Finally, Wedmont Private Capital increased its holdings by 11.1%, now owning 809,524 shares worth $63,208,000 after acquiring an additional 80,688 shares.

Vanguard Total Corporate Bond Fund Registers Minor Upswing

VTC saw a slight increase of 0.2% in its trading price, rising by $0.15 to reach $77.47. The trading volume was relatively low at 1,289 shares compared to the average volume of 43,060. The 50-day and 200-day simple moving averages stand at $78.64 and $76.85, respectively. The fund has witnessed a 12-month low of $70.74 and a high of $79.92.

Announcement of Dividend from Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond Fund recently announced its monthly dividend, which was distributed on Thursday, October 3rd. A dividend of $0.283 per share was granted to investors who were on record as of Tuesday, October 1st. This amounts to an annualized dividend of $3.40, yielding approximately 4.38%. The ex-dividend date was also on October 1st.

About Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that tracks the Bloomberg U.S. Corporate Bond Index. This fund is a fund-of-funds designed to provide exposure to investment-grade U.S. corporate bonds across a range of maturities. Launched on November 7, 2017, the fund is managed by Vanguard.

Investment Considerations

Before making any investment decisions regarding the Vanguard Total Corporate Bond Fund, it's important to consider the current market dynamics. According to reports from leading Wall Street analysts, while the fund holds a "hold" rating, there are potentially better investment opportunities available. Analysts have identified five stocks that are currently attracting interest as compelling buys in the current market environment.

VTC, bonds, fund