Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Sees Large Decrease in Short Interest

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 5,860,576 shares, a decline of 47.3% from the May 14th total of 11,126,537 shares. Based on an average daily volume of 8,749,234 shares, the short-interest ratio is presently 0.7 days. Approximately 0.7% of the company’s shares are sold short.

Vanguard Tax-Exempt Bond ETF Stock Down 0.1%

Shares of Vanguard Tax-Exempt Bond ETF stock traded down $0.04 during trading on Friday, reaching $50.30. 6,332,164 shares of the company were exchanged, compared to its average volume of 7,854,541. Vanguard Tax-Exempt Bond ETF has a twelve month low of $48.46 and a twelve month high of $51.18. The business has a 50-day moving average price of $50.20 and a 200-day moving average price of $50.35.

Institutional Investors Weigh In On Vanguard Tax-Exempt Bond ETF

A number of institutional investors have recently made changes to their positions in VTEB. Jane Street Group LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 1,498.4% during the first quarter. Jane Street Group LLC now owns 187,400 shares of the company’s stock worth $9,299,000 after acquiring an additional 175,676 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Vanguard Tax-Exempt Bond ETF by 510.2% during the second quarter. Russell Investments Group Ltd. now owns 3,576 shares of the company’s stock worth $175,000 after acquiring an additional 2,990 shares in the last quarter. First Trust Advisors LP lifted its holdings in Vanguard Tax-Exempt Bond ETF by 79.0% during the second quarter. First Trust Advisors LP now owns 11,052 shares of the company’s stock worth $542,000 after acquiring an additional 4,878 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in Vanguard Tax-Exempt Bond ETF during the second quarter worth about $1,001,000. Finally, Main Street Financial Solutions LLC lifted its holdings in Vanguard Tax-Exempt Bond ETF by 2.9% during the second quarter. Main Street Financial Solutions LLC now owns 47,957 shares of the company’s stock worth $2,351,000 after acquiring an additional 1,364 shares in the last quarter.

About Vanguard Tax-Exempt Bond ETF

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.