Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Sees Significant Drop in Short Interest

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 5,670,000 shares, a decline of 26.3% from the February 28th total of 7,690,000 shares. Based on an average daily trading volume, of 2,684,400 shares, the short-interest ratio is presently 2.1 days. Approximately 3.1% of the shares of the stock are short sold.

Vanguard Long-Term Corporate Bond ETF Trading Up 0.8 %

NASDAQ VCLT opened at $75.61 on Friday. Vanguard Long-Term Corporate Bond ETF has a 52 week low of $72.86 and a 52 week high of $82.63. The business’s fifty day simple moving average is $75.78 and its 200-day simple moving average is $77.08.

Vanguard Long-Term Corporate Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, March 3rd were given a $0.3032 dividend. The ex-dividend date was Monday, March 3rd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VCLT. Prudential PLC lifted its stake in Vanguard Long-Term Corporate Bond ETF by 9.5% during the fourth quarter. Prudential PLC now owns 83,858,679 shares of the exchange traded fund’s stock worth $6,270,952,000 after purchasing an additional 7,307,685 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new position in Vanguard Long-Term Corporate Bond ETF during the 4th quarter worth about $162,069,000. JPMorgan Chase & Co. boosted its holdings in Vanguard Long-Term Corporate Bond ETF by 316.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,428,383 shares of the exchange traded fund’s stock valued at $106,814,000 after acquiring an additional 1,085,608 shares during the period. BNP Paribas Financial Markets boosted its holdings in Vanguard Long-Term Corporate Bond ETF by 106.1% during the 4th quarter. BNP Paribas Financial Markets now owns 1,357,145 shares of the exchange traded fund’s stock valued at $101,487,000 after acquiring an additional 698,745 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Vanguard Long-Term Corporate Bond ETF in the 4th quarter valued at about $49,200,000.

Vanguard Long-Term Corporate Bond ETF Company Profile

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.