Short Interest in Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Expands By 36.8%

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 51,300 shares, a growth of 36.8% from the May 15th total of 37,500 shares. Based on an average daily volume of 107,000 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are short sold.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Up 0.0%

Shares of Vanguard Short-Term Tax-Exempt Bond ETF stock opened at $100.56 on Tuesday. Vanguard Short-Term Tax-Exempt Bond ETF has a twelve month low of $98.50 and a twelve month high of $101.48. The firm’s 50-day moving average price is $100.03 and its 200 day moving average price is $100.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VTES. Wescott Financial Advisory Group LLC boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 2.5% during the 1st quarter. Wescott Financial Advisory Group LLC now owns 647,297 shares of the company’s stock valued at $65,060,000 after acquiring an additional 15,511 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 20.8% in the fourth quarter. Bank of America Corp DE now owns 142,812 shares of the company’s stock valued at $14,317,000 after buying an additional 24,573 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 12.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 111,510 shares of the company’s stock worth $11,179,000 after buying an additional 12,109 shares during the period. Life Planning Partners Inc purchased a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the 4th quarter valued at about $10,693,000. Finally, Seeds Investor LLC purchased a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter worth about $9,828,000.

About Vanguard Short-Term Tax-Exempt Bond ETF

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.