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

Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 757,100 shares, a decline of 61.6% from the February 28th total of 1,970,000 shares. Based on an average daily trading volume, of 3,320,500 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Vanguard Intermediate-Term Treasury Index ETF Stock Up 0.6 %

Shares of VGIT opened at $59.30 on Friday. The stock has a 50 day moving average of $58.62 and a 200 day moving average of $58.82. Vanguard Intermediate-Term Treasury Index ETF has a 12 month low of $57.03 and a 12 month high of $60.82.

Vanguard Intermediate-Term Treasury Index ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.1731 per share. The ex-dividend date was Monday, March 3rd.

Hedge Funds Weigh In On Vanguard Intermediate-Term Treasury Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in Vanguard Intermediate-Term Treasury Index ETF by 24.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 242,302 shares of the company’s stock valued at $14,054,000 after acquiring an additional 48,179 shares during the last quarter. Silver Oak Wealth Advisors Services LLC purchased a new position in Vanguard Intermediate-Term Treasury Index ETF in the fourth quarter valued at approximately $4,240,000. Buska Wealth Management LLC grew its holdings in Vanguard Intermediate-Term Treasury Index ETF by 39.0% during the fourth quarter. Buska Wealth Management LLC now owns 115,689 shares of the company’s stock valued at $6,710,000 after purchasing an additional 32,461 shares during the period. Brucke Financial Inc. purchased a new stake in Vanguard Intermediate-Term Treasury Index ETF in the fourth quarter worth $5,641,000. Finally, REAP Financial Group LLC raised its stake in shares of Vanguard Intermediate-Term Treasury Index ETF by 6.2% in the fourth quarter. REAP Financial Group LLC now owns 22,524 shares of the company’s stock valued at $1,306,000 after buying an additional 1,323 shares during the period.

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.