Significant Reduction in Short Interest for Vanguard Total Corporate Bond Fund (NASDAQ:VTC)

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC) experienced a notable decline in short interest in December. As of December 31st, short interest was reported at a total of 10,000 shares. This marks a substantial decrease of 68.9% from the total of 32,200 shares reported on December 15th. With an average daily trading volume of 55,400 shares, the days-to-cover ratio stands at 0.2 days, indicating a quick potential for covering short positions.

Institutional Investors and Their Movements

In recent months, various hedge funds and institutional investors have made adjustments to their holdings in Vanguard Total Corporate Bond Fund. For instance, Wedmont Private Capital enhanced its position in VTC by 13.6% in the fourth quarter, raising its ownership to 919,993 shares valued at approximately $68.9 million after acquiring an additional 110,469 shares. Similarly, Mill Creek Capital Advisors LLC increased its holdings by 0.8% in the third quarter, owning 912,675 shares worth $72.375 million after adding 6,844 shares. Axxcess Wealth Management LLC also grew its stake by 2.4% in the same quarter, now holding 711,694 shares valued at $56.437 million after purchasing 16,906 additional shares. Moreover, MML Investors Services LLC raised its investment in VTC by 1.2%, holding 277,852 shares currently worth $22.034 million. Drucker Wealth 3.0 LLC made a new investment in the fund during the second quarter, estimated at around $11.083 million.

Price Movement of Vanguard Total Corporate Bond Fund

On a recent trading day, shares of Vanguard Total Corporate Bond Fund slipped by $0.17, reaching a price of $74.74. The volume of shares traded was 44,823, in comparison to its average volume of 67,760 shares. The fund's 50-day moving average is $76.59, while the 200-day average is $77.36, reflecting recent price trends. The share price has fluctuated over the past year, hitting a low of $73.95 and a high of $79.92.

Dividend Announcement

Additionally, Vanguard Total Corporate Bond Fund announced a recent increase in its dividend. The fund paid out $0.3097 per share to shareholders on December 27th, up from a previous dividend of $0.26. The ex-dividend date was set for December 24th, 2019, and only shareholders on record as of that date were eligible for the new dividend.

Overview of Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that aims to replicate the performance of the Bloomberg U.S. Corporate Bond Index. The fund provides exposure to a diverse range of investment-grade U.S. corporate bonds with various maturities and was launched on November 7, 2017. It is managed by the reputable investment firm, Vanguard.

Investment Considerations

Potential investors should consider market performance before making decisions. While analysts currently maintain a "Hold" rating on the Vanguard Total Corporate Bond Fund, they also highlight alternative investments with potentially higher returns. Those interested in stock investments should stay informed of market trends and research top-rated stocks that may be recommended for their portfolios.

investment, fund, bonds