Short Interest in Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Declines By 41.7%

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 57,894 shares, a decline of 41.7% from the July 30th total of 99,337 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 212,989 shares, the days-to-cover ratio is currently 0.3 days.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Down 0.4%

Shares of VTES traded down $0.38 during mid-day trading on Tuesday, reaching $100.36. The company had a trading volume of 624,667 shares, compared to its average volume of 186,458. Vanguard Short-Term Tax-Exempt Bond ETF has a 52-week low of $100.29 and a 52-week high of $102.71. The stock has a 50 day moving average of $100.90 and a two-hundred day moving average of $101.25.

Institutional Investors Weigh In On Vanguard Short-Term Tax-Exempt Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nepc LLC acquired a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the 4th quarter valued at $30,000. AdvisorNet Financial Inc purchased a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the first quarter valued at $30,000. Birchwood Financial Partners Inc. purchased a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the fourth quarter valued at $36,000. Gould Capital LLC acquired a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the fourth quarter worth about $51,000. Finally, Triumph Capital Management raised its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 50.0% in the second quarter. Triumph Capital Management now owns 1,500 shares of the company’s stock worth $152,000 after acquiring an additional 500 shares during the period.

About Vanguard Short-Term Tax-Exempt Bond ETF

The Vanguard Short-Term Tax Exempt Bond ETF (VTES) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of tax-exempt investment grade debt issued by US state and local governments or agencies. The fund includes muni bonds with an effective maturity below seven years. VTES was launched on Feb 22, 2023 and is managed by Vanguard.