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. As of September 30, short interest stood at 27,200 shares, marking a significant increase of 33.3% from 20,400 shares on September 15. Given the fund's average daily trading volume of 46,800 shares, the current days-to-cover ratio is approximately 0.6 days.

Institutional Investors' Activity

Recent shifts in institutional investor positions have also been noteworthy. Several hedge funds and institutional investors have adjusted their stakes in the Vanguard Total Corporate Bond Fund. International Assets Investment Management LLC took a new position in the second quarter, valued at around $31,000. Ridgewood Investments LLC followed suit with a new stake also in the second quarter, valued at approximately $38,000. Notably, Redmont Wealth Advisors LLC acquired a new position worth $57,000 during the first quarter. Richardson Financial Services Inc. made a larger investment of $114,000 in the first quarter as well. Lastly, Breakwater Investment Management established a new stake valued at roughly $187,000 in the second quarter.

Current Trading Status

On the trading front, shares of Vanguard Total Corporate Bond Fund experienced minor fluctuations, trading down by $0.01 on a recent Friday, bringing the price to $78.01. The trading volume that day was noted at 35,631 shares, slightly below its average of 43,317 shares. Over the past year, the fund has seen a low of $70.30 and a high of $79.92. Its fifty-day simple moving average currently stands at $78.60, while the 200-day simple moving average is at $76.74.

Dividend Announcement

In a recent announcement, Vanguard also provided information regarding its monthly dividend. Investors who were on record as of Tuesday, October 1, received a dividend of $0.283, which translates to an annualized dividend of $3.40 and a yield of 4.35%. The ex-dividend date for this payout was also noted as October 1.

About Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond Fund (VTC) operates as an exchange-traded fund (ETF) that is based on the Bloomberg U.S. Corporate Bond Index. This fund is a fund-of-funds and is designed to track an index aimed at providing exposure to investment-grade U.S. corporate bonds across a variety of maturities. Launched on November 7, 2017, it is managed by Vanguard.

Investment Considerations

Before making any investment decisions regarding the Vanguard Total Corporate Bond Fund, investors are encouraged to consider various factors. Current assessments indicate that while this fund holds a “hold” rating from analysts, there may be more attractive investment opportunities available. It's advisable for investors to review analyst recommendations and conduct thorough research before proceeding.

Vanguard, Bonds, Growth