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

The Vanguard Total Corporate Bond Fund (NASDAQ: VTC) has recently reported a substantial increase in short interest for the month of September. By the end of the month on September 30th, the short interest had grown to 27,200 shares, marking a 33.3% rise from the 20,400 shares reported 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 Investors' Activity in Vanguard Total Corporate Bond Fund

There have been several movements among institutional investors regarding their holdings in the Vanguard Total Corporate Bond Fund. Notably, International Assets Investment Management LLC initiated a new position during the second quarter, valued at approximately $31,000. Ridgewood Investments LLC also bought in during the second quarter with a stake worth around $38,000. Other contributors include Redmont Wealth Advisors LLC, which acquired shares in the first quarter valued at $57,000, and Richardson Financial Services Inc., which purchased a position worth $114,000 during the same quarter. Breakwater Investment Management made a more significant investment, taking a new stake in the second quarter valued at about $187,000.

Market Performance of Vanguard Total Corporate Bond Fund

In midday trading on Friday, the Vanguard Total Corporate Bond Fund saw its stock trading slightly down by $0.01, reaching a price of $78.01. The trading volume recorded was 35,631 shares, compared to its average volume of 43,317 shares. The fund has experienced a 12-month low of $70.30 and a high of $79.92 over the same period. The fifty-day simple moving average for the fund is currently $78.60, while the 200-day moving average is at $76.74.

Dividend Announcement from Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond Fund recently announced the payment of its monthly dividend, which was distributed on October 3rd. Investors who were on record as of October 1st received a dividend of $0.283 per share. This amounts to an annualized dividend of $3.40, providing a dividend yield of 4.35%. The ex-dividend date for this payment was also on October 1st.

Overview of Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that is linked to the Bloomberg U.S. Corporate Bond index. Designed as a fund-of-funds, VTC aims to provide investors with access to investment-grade US corporate bonds across various maturities. The ETF was launched on November 7, 2017, and is managed by Vanguard.

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This report has been generated for informative purposes and reviewed to ensure article accuracy.

Investment Considerations for Vanguard Total Corporate Bond Fund

If you are contemplating investing $1,000 in the Vanguard Total Corporate Bond Fund, it is essential to consider various factors. Current analyst ratings suggest a "hold" position on the fund, yet they have identified five alternative stocks as potentially better investments at the moment. Additionally, MarketBeat has compiled a list of 10 undervalued stocks that may have gone unnoticed by the market. Further research into these stocks could prove beneficial before making your final investment decision.

Vanguard, Bonds, Growth