Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) Shares Shorted: Short Interest Up 236.6% in September

Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 68,491 shares, an increase of 236.6% from the August 31st total of 20,346 shares. Based on an average trading volume of 218,998 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Vanguard Intermediate-Term Tax-Exempt Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in VTEI. AdvisorNet Financial Inc acquired a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF during the first quarter worth approximately $29,000. Integrated Wealth Concepts LLC bought a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 2nd quarter valued at $57,000. North Star Investment Management Corp. grew its holdings in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 41.0% during the 1st quarter. North Star Investment Management Corp. now owns 819 shares of the company’s stock worth $82,000 after acquiring an additional 238 shares in the last quarter. IFP Advisors Inc acquired a new position in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the 4th quarter worth $101,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the 1st quarter worth about $125,000.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Price Performance

Shares of VTEI opened at $95.35 on Friday. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a one year low of $95.19 and a one year high of $102.66. The stock has a 50-day moving average price of $98.48 and a 200 day moving average price of $99.82.

About Vanguard Intermediate-Term Tax-Exempt Bond ETF

The Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) 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 20 years. VTEI was launched on Jan 30, 2024 and is issued by Vanguard.