Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Sees Large Drop in Short Interest

Vanguard Total Corporate Bond Fund (NASDAQ:VTC) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 16,900 shares, a decline of 13.8% from the January 31st total of 19,600 shares. Based on an average daily volume of 67,400 shares, the days-to-cover ratio is currently 0.3 days.

Vanguard Total Corporate Bond Fund Stock Performance

Shares of Vanguard Total Corporate Bond Fund stock opened at $77.08 on Wednesday. Vanguard Total Corporate Bond Fund has a 52-week low of $73.95 and a 52-week high of $79.92. The company’s 50 day moving average price is $75.99 and its 200-day moving average price is $77.23.

Vanguard Total Corporate Bond Fund Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd will be issued a $0.2748 dividend. The ex-dividend date of this dividend is Monday, March 3rd.

Hedge Funds Weigh In On Vanguard Total Corporate Bond Fund

A number of hedge funds have recently modified their holdings of VTC. Nepc LLC grew its stake in shares of Vanguard Total Corporate Bond Fund by 35.5% in the fourth quarter. Nepc LLC now owns 2,455,525 shares of the company’s stock worth $185,908,000 after purchasing an additional 642,813 shares during the last quarter. Financial Engines Advisors L.L.C. purchased a new stake in Vanguard Total Corporate Bond Fund in the 4th quarter worth approximately $10,425,000. Wedmont Private Capital grew its position in shares of Vanguard Total Corporate Bond Fund by 13.6% in the 4th quarter. Wedmont Private Capital now owns 919,993 shares of the company’s stock worth $68,917,000 after buying an additional 110,469 shares during the last quarter. Raine Group LLC purchased a new position in shares of Vanguard Total Corporate Bond Fund during the third quarter valued at approximately $4,901,000. Finally, Titleist Asset Management LLC purchased a new position in shares of Vanguard Total Corporate Bond Fund during the fourth quarter valued at approximately $2,958,000.

About Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is a fund-of-funds. It tracks an index designed to provide exposure to investment-grade US corporate bonds with broad maturities. VTC was launched on Nov 7, 2017 and is managed by Vanguard.