Growth in Short Interest for Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC) experienced a notable rise in short interest during September. By the end of the month, short interest reached 27,200 shares, which marks an increase of 33.3% compared to the 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.

Institutional Investment Movements

Recent months have seen various hedge funds and institutional investors adjust their stakes in the Vanguard Total Corporate Bond Fund. For instance, International Assets Investment Management LLC entered a new position in the fund valued at approximately $31,000 during the second quarter. Similarly, Ridgewood Investments LLC acquired a stake valued at around $38,000 in the same period. In the first quarter, Redmont Wealth Advisors LLC purchased shares worth $57,000, while Richardson Financial Services Inc. made a more substantial investment of $114,000. Breakwater Investment Management also entered the fray in the second quarter, acquiring a stake valued at roughly $187,000.

Current Trading Performance

On Friday, Vanguard Total Corporate Bond Fund's stock traded slightly lower, with a decrease of $0.01 to reach $78.01 at midday. The trading volume was reported at 35,631 shares, which is below the average volume of 43,317 shares. The fund's stock has fluctuated within a range, with a 12-month low of $70.30 and a high of $79.92. Its fifty-day simple moving average is currently $78.60, while the 200-day simple moving average stands at $76.74.

Dividend Announcement

Recently, the Vanguard Total Corporate Bond Fund announced a monthly dividend that was paid on October 3rd. Investors who were on record for this dividend on October 1st received $0.283 per share. This translates to an annualized dividend yield of 4.35%, amounting to a total of $3.40 in dividends for the year. The ex-dividend date coincided with the record date on October 1st.

About Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is designed to track the Bloomberg U.S. Corporate Bond index. This fund typically invests in investment-grade U.S. corporate bonds across a wide range of maturities and was launched on November 7, 2017. Vanguard manages the fund, focusing on providing exposure to this segment of the bond market.

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investment, bonds, dividends