Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Get Free Report) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 5,860,576 shares, a drop of 47.3% from the May 14th total of 11,126,537 shares. Based on an average daily trading volume, of 8,749,234 shares, the short-interest ratio is presently 0.7 days. Currently, 0.7% of the company’s stock are sold short.
Vanguard Tax-Exempt Bond ETF Trading Up 0.1%
Shares of NYSEARCA VTEB opened at $50.35 on Tuesday. The company has a 50-day moving average price of $50.21 and a 200-day moving average price of $50.35. Vanguard Tax-Exempt Bond ETF has a 1 year low of $48.46 and a 1 year high of $51.18.
Hedge Funds Weigh In On Vanguard Tax-Exempt Bond ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. Rothschild Investment LLC lifted its holdings in shares of Vanguard Tax-Exempt Bond ETF by 653.8% in the fourth quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock valued at $25,000 after purchasing an additional 425 shares in the last quarter. JPL Wealth Management LLC bought a new stake in Vanguard Tax-Exempt Bond ETF during the third quarter worth $25,000. United Financial Planning Group LLC bought a new stake in Vanguard Tax-Exempt Bond ETF during the third quarter worth $29,000. Nepc LLC purchased a new stake in Vanguard Tax-Exempt Bond ETF in the 4th quarter valued at $34,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at $37,000.
Vanguard Tax-Exempt Bond ETF Company Profile
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.
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