Short Interest in Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Grows By 45.3%

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) was the target of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 7,760,000 shares, a growth of 45.3% from the July 31st total of 5,340,000 shares. Based on an average daily volume of 2,215,600 shares, the short-interest ratio is presently 3.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VCLT. Prudential PLC raised its holdings in Vanguard Long-Term Corporate Bond ETF by 139.6% in the second quarter. Prudential PLC now owns 35,808,945 shares of the exchange traded fund’s stock worth $2,716,467,000 after purchasing an additional 20,861,365 shares in the last quarter. Johns Hopkins University grew its position in shares of Vanguard Long-Term Corporate Bond ETF by 1.0% in the 2nd quarter. Johns Hopkins University now owns 5,290,374 shares of the exchange traded fund’s stock worth $401,328,000 after buying an additional 53,555 shares during the period. Vanguard Group Inc. lifted its position in Vanguard Long-Term Corporate Bond ETF by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 4,175,772 shares of the exchange traded fund’s stock valued at $326,671,000 after acquiring an additional 302,950 shares during the period. BNP Paribas Financial Markets boosted its stake in Vanguard Long-Term Corporate Bond ETF by 2,134.0% during the fourth quarter. BNP Paribas Financial Markets now owns 1,379,238 shares of the exchange traded fund’s stock worth $110,546,000 after acquiring an additional 1,317,500 shares in the last quarter. Finally, Angeles Investment Advisors LLC grew its holdings in Vanguard Long-Term Corporate Bond ETF by 37.9% in the second quarter. Angeles Investment Advisors LLC now owns 1,012,000 shares of the exchange traded fund’s stock worth $76,770,000 after purchasing an additional 278,000 shares during the period.

Vanguard Long-Term Corporate Bond ETF Price Performance

Shares of Vanguard Long-Term Corporate Bond ETF stock traded down $0.45 during midday trading on Friday, reaching $79.37. 2,020,944 shares of the company’s stock traded hands, compared to its average volume of 2,290,189. The stock has a 50 day moving average of $77.91 and a 200-day moving average of $76.91. Vanguard Long-Term Corporate Bond ETF has a 12 month low of $67.47 and a 12 month high of $81.11.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 5th. Investors of record on Thursday, August 1st were paid a $0.3108 dividend. This is an increase from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.29. This represents a $3.73 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend was Thursday, August 1st.

About Vanguard Long-Term Corporate Bond ETF

Vanguard Long Term Corporate Bond ETF (the Fund) seeks to track the performance of a market-weighted corporate bond index with a long-term, dollar-weighted average maturity. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S.