Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Experiences Notable Surge in Short Interest

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC) reported a considerable increase in short interest throughout September. As of September 30th, the short interest reached a total of 27,200 shares, which shows a 33.3% increase from the previous total of 20,400 shares recorded on September 15th. With an average daily volume of 46,800 shares, the short-interest ratio currently stands at 0.6 days.

Institutional Investors and ETF Activity

In recent months, a number of hedge funds and institutional investors have adjusted their interests in the Vanguard Total Corporate Bond Fund. Notably, International Assets Investment Management LLC acquired a new position in the fund during the second quarter, valued at approximately $31,000. Similarly, Ridgewood Investments LLC and Breakwater Investment Management made new acquisitions in the same quarter, valued at around $38,000 and $187,000 respectively. Other firms, including Redmont Wealth Advisors LLC and Richardson Financial Services Inc., also increased their stakes, reflecting a growing institutional interest in the fund.

Current Trading Information

On a recent trading day, the Vanguard Total Corporate Bond Fund's stock price dipped slightly, trading down $0.01 to reach $78.01. The trading volume was recorded at 35,631 shares, which is lower than the average volume of 43,317 shares. The fund has experienced a 12-month low of $70.30, alongside a 12-month high of $79.92. The fifty-day simple moving average for the fund is currently at $78.60, with its 200-day simple moving average at $76.74.

Dividend Announcement

In addition to short interest developments, the Vanguard Total Corporate Bond Fund recently declared a monthly dividend. This dividend, totaling $0.283 per share, was paid out on October 3rd to investors who were on record as of October 1st. This translates to an annualized dividend of $3.40, resulting in a dividend yield of 4.35%. The ex-dividend date for this payout was also on October 1st.

Overview of Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is designed to provide investors with exposure to investment-grade U.S. corporate bonds across a broad range of maturities. Launched on November 7, 2017, the fund is managed by Vanguard and is a fund-of-funds that tracks the Bloomberg U.S. Corporate Bond Index.

Investment Considerations

Before investing in the Vanguard Total Corporate Bond Fund, potential investors should conduct thorough research. It's noteworthy that analysts currently have a “hold” rating on this fund. Investors may want to explore various stocks that are currently being recommended by top analysts for better growth potential.

Vanguard, Bonds, Growth