Vanguard Total Corporate Bond Fund Sees Rise in Short Interest

The Vanguard Total Corporate Bond Fund (NASDAQ: VTC) has recently experienced a notable rise in short interest, marking a shift in investor sentiment. As of September 30th, the total short interest reached 27,200 shares, representing a considerable increase of 33.3% from the prior total of 20,400 shares recorded on September 15th. With an average daily trading volume of 46,800 shares, the current days-to-cover ratio stands at 0.6 days, indicating how quickly short interest could be covered based on average trading activity.

Institutional Investments in Vanguard Total Corporate Bond Fund

In recent months, several institutional investors have either increased their stakes in the Vanguard Total Corporate Bond Fund or initiated new positions. For instance, International Assets Investment Management LLC added a new stake in the fund valued at approximately $31,000 during the second quarter. Similarly, Ridgewood Investments LLC acquired a new investment worth about $38,000 in the same timeframe. Redmont Wealth Advisors LLC entered into a position during the first quarter, investing approximately $57,000. Richardson Financial Services Inc. also acquired shares valued at $114,000 during the first quarter. Lastly, Breakwater Investment Management bought a stake worth around $187,000 in the second quarter.

Current Trading Performance of Vanguard Total Corporate Bond Fund

On Friday, Vanguard Total Corporate Bond Fund saw a slight decrease in trading, falling by $0.01 to reach a price of $78.01. The trading volume for the day was 35,631 shares, just below its average volume of 43,317 shares. Over the past year, the fund has experienced fluctuations, with a 12-month low of $70.30 and a high of $79.92. The fifty-day simple moving average currently sits at $78.60, while the 200-day simple moving average is at $76.74.

Vanguard Total Corporate Bond Fund Dividend Announcement

Recently, the fund announced the payment of a monthly dividend, which was distributed on Thursday, October 3rd. Investors who were on record as of Tuesday, October 1st received a dividend of $0.283 per share. This results in an annualized dividend of $3.40, yielding 4.35%. The ex-dividend date for this payment was also on Tuesday, October 1st.

Overview of Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond Fund is an exchange-traded fund that tracks the Bloomberg U.S. Corporate Bond Index. This fund aims to provide investors with exposure to a diverse range of investment-grade U.S. corporate bonds across various maturities. Launched on November 7, 2017, the fund is managed by Vanguard.

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This article provides a summary based on recent changes and performances of the Vanguard Total Corporate Bond Fund.

Investment Considerations for Vanguard Total Corporate Bond Fund

Before investing in the Vanguard Total Corporate Bond Fund, potential investors should be aware of various market factors. MarketBeat has identified a range of stocks recommended by top analysts, noting that Vanguard Total Corporate Bond Fund is currently categorized under a "hold" rating. Investors are encouraged to consider alternative opportunities.

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