Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Short Interest Down 32.4% in August

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 5,926,770 shares, a decline of 32.4% from the July 30th total of 8,764,690 shares. Based on an average daily volume of 7,340,765 shares, the short-interest ratio is presently 0.8 days. Approximately 0.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VTEB. JPMorgan Chase & Co. boosted its stake in shares of Vanguard Tax-Exempt Bond ETF by 5.5% during the 4th quarter. JPMorgan Chase & Co. now owns 104,551,572 shares of the company’s stock worth $5,257,899,000 after purchasing an additional 5,461,346 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Vanguard Tax-Exempt Bond ETF by 2.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 36,651,506 shares of the company’s stock valued at $1,843,204,000 after buying an additional 903,850 shares during the last quarter. Morgan Stanley raised its position in shares of Vanguard Tax-Exempt Bond ETF by 9.4% in the fourth quarter. Morgan Stanley now owns 25,172,743 shares of the company’s stock valued at $1,265,937,000 after buying an additional 2,173,235 shares during the last quarter. Wealthfront Advisers LLC lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 3.1% during the first quarter. Wealthfront Advisers LLC now owns 24,913,759 shares of the company’s stock valued at $1,242,947,000 after buying an additional 760,249 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of Vanguard Tax-Exempt Bond ETF by 10.8% during the fourth quarter. Raymond James Financial Inc. now owns 24,614,196 shares of the company’s stock valued at $1,237,835,000 after buying an additional 2,396,916 shares during the period.

Vanguard Tax-Exempt Bond ETF Price Performance

VTEB stock traded down $0.43 on Tuesday, reaching $48.91. The company had a trading volume of 8,650,969 shares, compared to its average volume of 7,600,937. The company’s fifty day moving average is $49.94 and its 200 day moving average is $50.18. Vanguard Tax-Exempt Bond ETF has a 1 year low of $48.76 and a 1 year high of $51.18.

About Vanguard Tax-Exempt Bond ETF

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.