Short Interest in Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Rises By 635.7%

Vanguard Total Corporate Bond Fund (NASDAQ:VTC - Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 41,200 shares, an increase of 635.7% from the March 15th total of 5,600 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 78,500 shares, the short-interest ratio is currently 0.5 days.

Vanguard Total Corporate Bond Fund Price Performance

VTC stock traded down $0.08 on Friday, reaching $75.60. The company had a trading volume of 102,882 shares, compared to its average volume of 54,688. The company's fifty day moving average is $76.31 and its 200 day moving average is $76.56. Vanguard Total Corporate Bond Fund has a 1 year low of $73.79 and a 1 year high of $79.92.

Vanguard Total Corporate Bond Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were paid a $0.2797 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $3.36 annualized dividend and a yield of 4.44%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VTC. Nepc LLC raised its holdings in Vanguard Total Corporate Bond Fund by 35.5% in the fourth quarter. Nepc LLC now owns 2,455,525 shares of the company's stock valued at $185,908,000 after buying an additional 642,813 shares during the period. Financial Engines Advisors L.L.C. acquired a new stake in Vanguard Total Corporate Bond Fund in the 4th quarter valued at $10,425,000. Wedmont Private Capital raised its position in Vanguard Total Corporate Bond Fund by 13.6% in the fourth quarter. Wedmont Private Capital now owns 919,993 shares of the company's stock valued at $68,917,000 after purchasing an additional 110,469 shares during the period. Titleist Asset Management LLC acquired a new position in shares of Vanguard Total Corporate Bond Fund during the fourth quarter worth about $2,958,000. Finally, Leo Wealth LLC acquired a new stake in shares of Vanguard Total Corporate Bond Fund in the fourth quarter valued at about $2,721,000.

About Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is a fund-of-funds. It tracks an index designed to provide exposure to investment-grade US corporate bonds with broad maturities. VTC was launched on Nov 7, 2017 and is managed by Vanguard.