Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Sees Substantial Growth in Short Interest

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC) experienced a notable rise in short interest throughout September. By the end of the month on September 30th, the short interest reached 27,200 shares, reflecting a considerable increase of 33.3% from the previous total of 20,400 shares reported on September 15th. Given the average daily trading volume of 46,800 shares, the days-to-cover ratio currently stands at 0.6 days.

Institutional Investor Activity

Recently, several hedge funds and institutional investors have made changes to their holdings in Vanguard Total Corporate Bond Fund. International Assets Investment Management LLC established a new position in the fund in the second quarter valued at around $31,000. Ridgewood Investments LLC also purchased a new stake in the same quarter, estimated at about $38,000. In the first quarter, Redmont Wealth Advisors LLC acquired shares worth $57,000. Richardson Financial Services Inc. made a more substantial investment with a new position valued at $114,000 in the first quarter. Additionally, Breakwater Investment Management secured a new stake in the fund during the second quarter, valued at approximately $187,000.

Current Trading Status

As of Friday, Vanguard Total Corporate Bond Fund's stock saw a minor dip of $0.01, bringing the price to $78.01. The trading volume for the day was recorded at 35,631 shares, which is below its average volume of 43,317 shares. Over the past year, the fund has experienced a low of $70.30 and a high of $79.92. The fifty-day simple moving average is noted at $78.60, while the two-hundred-day simple moving average stands at $76.74.

Dividend Announcement

The fund has recently announced a monthly dividend, which was distributed on October 3rd. Investors who were on the record as of Tuesday, October 1st, received a dividend of $0.283. This amounts to an annualized dividend of $3.40, equating to a yield of 4.35%. The ex-dividend date for this payment was also October 1st.

Overview of Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond Fund (VTC) is an exchange-traded fund that tracks the Bloomberg U.S. Corporate Bond index. This fund provides exposure to investment-grade corporate bonds in the U.S. market and spans a range of maturities. It was launched on November 7, 2017, and is managed by the Vanguard Group.

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This report is generated to provide readers with timely and accurate information regarding financial matters.

Investment Consideration

Before investing in Vanguard Total Corporate Bond Fund, it may be beneficial to consider alternative suggestions from top analysts. Current sentiment indicates a 'hold' rating for VTC, while several analysts have identified five stocks as potentially better investment opportunities.

Vanguard, Bonds, Investment