Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) Sees Large Drop in Short Interest

Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 1,120,000 shares, a drop of 26.3% from the November 15th total of 1,520,000 shares. Based on an average trading volume of 2,779,500 shares, the days-to-cover ratio is currently 0.4 days.

Vanguard Intermediate-Term Treasury Index ETF Stock Down 0.3 %

Vanguard Intermediate-Term Treasury Index ETF stock traded down $0.18 on Friday, reaching $58.43. 1,701,767 shares of the stock were exchanged, compared to its average volume of 2,546,962. Vanguard Intermediate-Term Treasury Index ETF has a twelve month low of $57.03 and a twelve month high of $60.82. The firm has a fifty day moving average price of $58.86 and a two-hundred day moving average price of $59.13.

Vanguard Intermediate-Term Treasury Index ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Investors of record on Friday, November 1st were paid a dividend of $0.1855 per share. This is an increase from Vanguard Intermediate-Term Treasury Index ETF’s previous monthly dividend of $0.18. The ex-dividend date was Friday, November 1st. This represents a $2.23 annualized dividend and a yield of 3.81%.

Institutional Trading of Vanguard Intermediate-Term Treasury Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its position in shares of Vanguard Intermediate-Term Treasury Index ETF by 70.7% in the second quarter. Fifth Third Bancorp now owns 483 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Hobbs Group Advisors LLC acquired a new stake in Vanguard Intermediate-Term Treasury Index ETF in the 2nd quarter worth $31,000. Morton Brown Family Wealth LLC acquired a new position in shares of Vanguard Intermediate-Term Treasury Index ETF during the second quarter valued at about $35,000. Beacon Capital Management LLC bought a new stake in shares of Vanguard Intermediate-Term Treasury Index ETF in the second quarter valued at about $36,000. Finally, Headlands Technologies LLC acquired a new stake in Vanguard Intermediate-Term Treasury Index ETF during the second quarter worth about $36,000.

About Vanguard Intermediate-Term Treasury Index ETF

Vanguard Intermediate Term Government Bond ETF (the Fund) seeks to track the performance of a market-weighted government bond index with an intermediate-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.