Short Interest in Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Drops By 41.7%

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 57,894 shares, a drop of 41.7% from the July 30th total of 99,337 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 212,989 shares, the days-to-cover ratio is presently 0.3 days.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Down 0.4%

Shares of Vanguard Short-Term Tax-Exempt Bond ETF stock opened at $100.36 on Wednesday. The firm’s fifty day simple moving average is $100.88 and its 200-day simple moving average is $101.23. Vanguard Short-Term Tax-Exempt Bond ETF has a 12 month low of $100.29 and a 12 month high of $102.71.

Institutional Investors Weigh In On Vanguard Short-Term Tax-Exempt Bond ETF

Several hedge funds have recently made changes to their positions in the business. Savant Capital LLC raised its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% during the 4th quarter. Savant Capital LLC now owns 106,331 shares of the company’s stock valued at $10,801,000 after acquiring an additional 11,852 shares during the last quarter. Truist Financial Corp grew its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 86.1% in the 4th quarter. Truist Financial Corp now owns 81,233 shares of the company’s stock valued at $8,251,000 after purchasing an additional 37,594 shares during the last quarter. Eclectic Associates Inc. ADV grew its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 25.5% in the 4th quarter. Eclectic Associates Inc. ADV now owns 48,974 shares of the company’s stock valued at $4,975,000 after purchasing an additional 9,951 shares during the last quarter. McNaughton Wealth Management LLC increased its holdings in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 171.8% in the second quarter. McNaughton Wealth Management LLC now owns 13,472 shares of the company’s stock valued at $1,365,000 after purchasing an additional 8,516 shares during the period. Finally, Rothschild Wealth LLC acquired a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the fourth quarter valued at approximately $950,000.

About Vanguard Short-Term Tax-Exempt Bond ETF

The Vanguard Short-Term Tax Exempt Bond ETF (VTES) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of tax-exempt investment grade debt issued by US state and local governments or agencies. The fund includes muni bonds with an effective maturity below seven years. VTES was launched on Feb 22, 2023 and is managed by Vanguard.