Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Sees Large Increase in Short Interest

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 211,273 shares, a growth of 131.8% from the August 31st total of 91,128 shares. Based on an average trading volume of 1,036,702 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.9% of the company’s shares are short sold.

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

A number of hedge funds have recently bought and sold shares of VTES. Wescott Financial Advisory Group LLC boosted its position in Vanguard Short-Term Tax-Exempt Bond ETF by 5.1% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 668,567 shares of the company’s stock valued at $67,910,000 after acquiring an additional 32,412 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 35.8% in the 1st quarter. Bank of America Corp DE now owns 378,943 shares of the company’s stock valued at $38,326,000 after purchasing an additional 99,912 shares during the period. TIAA Trust National Association boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% during the 4th quarter. TIAA Trust National Association now owns 281,168 shares of the company’s stock valued at $28,560,000 after purchasing an additional 31,200 shares in the last quarter. Savant Capital LLC boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% during the 4th quarter. Savant Capital LLC now owns 106,331 shares of the company’s stock valued at $10,801,000 after purchasing an additional 11,852 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 100,525 shares of the company’s stock valued at $10,184,000 after purchasing an additional 8,187 shares in the last quarter.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Performance

NYSEARCA:VTES traded down $0.20 on Friday, reaching $98.48. 1,261,116 shares of the stock traded hands, compared to its average volume of 256,871. Vanguard Short-Term Tax-Exempt Bond ETF has a 1-year low of $98.40 and a 1-year high of $102.71. The company’s 50 day moving average is $100.36 and its 200-day moving average is $100.90.

Vanguard Short-Term Tax-Exempt Bond ETF Company Profile

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.