Vanguard Total Bond Market ETF (NASDAQ:BND) Sees Significant Decrease in Short Interest

Vanguard Total Bond Market ETF (NASDAQ:BND) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 5,734,071 shares, a decrease of 37.5% from the May 14th total of 9,169,946 shares. Based on an average daily trading volume, of 9,027,352 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new position in shares of Vanguard Total Bond Market ETF in the 4th quarter worth about $26,000. Wilkerson Advisory Group LLC acquired a new stake in Vanguard Total Bond Market ETF during the 4th quarter worth approximately $26,000. CKW Financial Group acquired a new stake in Vanguard Total Bond Market ETF during the 4th quarter worth approximately $28,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Vanguard Total Bond Market ETF by 159.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 387 shares of the company’s stock valued at $28,000 after buying an additional 238 shares during the period. Finally, Kelleher Financial Advisors purchased a new position in Vanguard Total Bond Market ETF in the third quarter valued at approximately $32,000.

Vanguard Total Bond Market ETF Stock Up 0.2%

BND traded up $0.12 during midday trading on Tuesday, hitting $73.42. The company’s stock had a trading volume of 5,758,654 shares, compared to its average volume of 8,995,662. Vanguard Total Bond Market ETF has a 52-week low of $72.34 and a 52-week high of $75.23. The firm has a 50-day moving average price of $73.37 and a two-hundred day moving average price of $73.91.

Vanguard Total Bond Market ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Monday, June 1st were issued a dividend of $0.2473 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, June 1st.

Vanguard Total Bond Market ETF Company Profile

The Vanguard Total Bond Market ETF (BND) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad, market-value-weighted index of US dollar-denominated, investment-grade, taxable, fixed-income securities with maturities of at least one year. BND was launched on Apr 3, 2007 and is managed by Vanguard.