Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Sees Large Growth in Short Interest

Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 16,960,000 shares, an increase of 50.2% from the September 30th total of 11,290,000 shares. Based on an average trading volume of 6,817,700 shares, the days-to-cover ratio is presently 2.5 days.

Vanguard Intermediate-Term Corporate Bond ETF Price Performance

Shares of VCIT traded down $0.19 during mid-day trading on Monday, hitting $81.52. The company had a trading volume of 3,819,487 shares, compared to its average volume of 6,998,188. Vanguard Intermediate-Term Corporate Bond ETF has a 1-year low of $74.32 and a 1-year high of $84.25. The business’s 50-day simple moving average is $83.06 and its 200-day simple moving average is $81.12.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were issued a $0.301 dividend. The ex-dividend date was Tuesday, September 3rd. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous dividend of $0.29.

Institutional Investors Weigh In On Vanguard Intermediate-Term Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Bull Oak Capital LLC purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF in the third quarter worth about $27,000. Sound Income Strategies LLC lifted its holdings in Vanguard Intermediate-Term Corporate Bond ETF by 73.9% in the 3rd quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock worth $30,000 after buying an additional 150 shares in the last quarter. Pineridge Advisors LLC grew its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 57.3% during the first quarter. Pineridge Advisors LLC now owns 412 shares of the company’s stock valued at $33,000 after acquiring an additional 150 shares in the last quarter. American National Bank increased its position in shares of Vanguard Intermediate-Term Corporate Bond ETF by 70.7% during the second quarter. American National Bank now owns 471 shares of the company’s stock worth $38,000 after acquiring an additional 195 shares during the last quarter. Finally, Lynx Investment Advisory purchased a new stake in shares of Vanguard Intermediate-Term Corporate Bond ETF during the second quarter worth about $42,000.

About Vanguard Intermediate-Term Corporate Bond ETF

Vanguard Intermediate-Term Corporate Bond ETF seeks to track the performance of the Barclays Capital U.S. 5-10 Year Corporate Bond Index, a subset of the Barclays Capital U.S. Aggregate Float Adjusted Index. The Barclays Capital U.S. 5-10 Year Corporate Bond Index measures the investment return of U.S.