Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Experiences Notable Decline in Short Interest

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC) has recently experienced a noteworthy drop in short interest during October. As of October 15th, the fund's short interest stood at 8,600 shares, reflecting a remarkable decrease of 68.4% compared to the previous total of 27,200 shares as of September 30th. Considering an average daily trading volume of 48,600 shares, this brings the short-interest ratio to a mere 0.2 days.

Institutional Investors Take Positions in Vanguard Total Corporate Bond Fund

Several institutional investors and hedge funds have been reshuffling their investments in the Vanguard Total Corporate Bond Fund. Notably, PFG Investments LLC entered a new position in the fund during the third quarter, investing $812,000. Meanwhile, Lake Street Advisors Group LLC increased its stake in Vanguard by 6.0% during the same period, bringing their total ownership to 20,225 shares valued at approximately $1,604,000 after acquiring an additional 1,149 shares.

Additionally, Private Advisor Group LLC raised its investment in the fund by 8.4% during the third quarter, resulting in ownership of 16,603 shares worth about $1,317,000 following the purchase of 1,289 additional shares. Bfsg LLC also saw a slight increase of 1.1% in their holdings, reaching a total of 26,965 shares valued at $2,138,000 after buying another 295 shares. Lastly, Wedmont Private Capital grew its stake by 11.1%, now holding 809,524 shares valued at $63,208,000 after acquiring an additional 80,688 shares in the last quarter.

Vanguard Total Corporate Bond Fund Shows Slight Price Increase

On Friday, shares of the Vanguard Total Corporate Bond Fund traded up by 0.2%, reaching a price of $77.47. The fund's trading volume for the day was 1,289 shares, exceeding the average volume of 43,060 shares. The fund's 50-day simple moving average stands at $78.64, while the 200-day moving average is $76.85. Over the past year, the fund has seen a low of $70.74 and a high of $79.92.

Dividend Information for Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond Fund recently announced a monthly dividend, which was distributed on Thursday, October 3rd. Investors who were on record as of Tuesday, October 1st, received a dividend payment of $0.283 per share. This equates to an annualized dividend of $3.40, yielding approximately 4.38%. The ex-dividend date also fell on Tuesday, October 1st.

Understanding Vanguard Total Corporate Bond Fund

(Get Free Report) The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that aims to reflect the performance of the Bloomberg U.S. Corporate Bond index. As a fund-of-funds, it is designed to offer exposure to investment-grade corporate bonds in the U.S., covering a range of maturities. VTC was launched on November 7, 2017, and is managed by Vanguard.

Final Thoughts

Investors considering the Vanguard Total Corporate Bond Fund should stay tuned for developments, particularly regarding changes in analyst ratings and market sentiment surrounding corporate bonds.

Vanguard, Bond, Interest