Short Interest in Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Declines By 68.9%

The Vanguard Total Corporate Bond Fund (NASDAQ:VTC) experienced a significant decrease in short interest throughout December. By the end of the month, short interest fell to a total of 10,000 shares, marking a drop of 68.9% from the December 15th figure of 32,200 shares. Given the average daily trading volume of 55,400 shares, the current days-to-cover ratio stands at just 0.2 days.

Institutional Investors Adjust Their Holdings

In recent months, various hedge funds and institutional investors have made adjustments to their holdings in the Vanguard Total Corporate Bond Fund. Notably, Wedmont Private Capital raised its position in VTC by 13.6% during the fourth quarter, amassing a total of 919,993 shares valued at approximately $68.9 million after acquiring an additional 110,469 shares. Mill Creek Capital Advisors LLC also increased its holdings by 0.8% during the third quarter and now holds 912,675 shares valued at $72.4 million after adding 6,844 shares. Similarly, Axxcess Wealth Management LLC raised its stake by 2.4% in the same quarter, bringing its total to 711,694 shares worth around $56.4 million after purchasing an additional 16,906 shares. Moreover, MML Investors Services LLC grew its position by 1.2%, now owning 277,852 shares valued at approximately $22 million following an acquisition of 3,398 shares. Lastly, Drucker Wealth 3.0 LLC bought a new stake in the fund during the second quarter, valued at about $11.1 million.

Price Movements of Vanguard Total Corporate Bond Fund

On Monday, shares of the Vanguard Total Corporate Bond Fund traded at $74.74, declining by $0.17 during midday trading. During this period, 44,823 shares changed hands, which is lower than the average volume of 67,760 shares. The fund’s stock has a 50-day moving average of $76.59 and a 200-day moving average of $77.36, with a 12-month low of $73.95 and a high of $79.92.

Dividend Announcement from Vanguard Total Corporate Bond Fund

Recently, Vanguard Total Corporate Bond Fund announced an increase in its dividend, which was disbursed on Friday, December 27th. Shareholders who were on record by Tuesday, December 24th, received a dividend of $0.3097 per share, up from the previous dividend of $0.26. The ex-dividend date was also set for December 24th.

Overview of Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is designed to track the Bloomberg U.S. Corporate Bond index. This exchange-traded fund focuses on offering exposure to investment-grade U.S. corporate bonds across a wide range of maturities. Launched on November 7, 2017, VTC is managed by Vanguard, a reputable name in the investment management industry.

Vanguard, Bonds, Dividend