Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) Short Interest Up 24,277.5% in July

Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 6,070,000 shares, agrowthof24,277.5% from the June 30th total of 24,900 shares. Based on an average daily volume of 7,549,600 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 7,549,600 shares, the days-to-cover ratio is presently 0.8 days.

Vanguard Tax-Exempt Bond ETF Stock Up 0.3%

NYSEARCA:VTEB opened at $48.83 on Friday. The firm’s fifty day moving average is $48.78 and its two-hundred day moving average is $49.27. Vanguard Tax-Exempt Bond ETF has a one year low of $47.02 and a one year high of $51.17.

Hedge Funds Weigh In On Vanguard Tax-Exempt Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of VTEB. Vanguard Group Inc. lifted its position in Vanguard Tax-Exempt Bond ETF by 42.5% during the fourth quarter. Vanguard Group Inc. now owns 3,500,157 shares of the company’s stock worth $175,463,000 after buying an additional 1,044,587 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Vanguard Tax-Exempt Bond ETF by 31.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 34,083 shares of the company’s stock worth $1,701,000 after acquiring an additional 8,140 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Vanguard Tax-Exempt Bond ETF in the 4th quarter worth $1,536,000. Alliancebernstein L.P. purchased a new position in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter worth $4,850,000. Finally, Nemes Rush Group LLC boosted its position in shares of Vanguard Tax-Exempt Bond ETF by 1,238.3% during the 4th quarter. Nemes Rush Group LLC now owns 629 shares of the company’s stock valued at $32,000 after acquiring an additional 582 shares during the last quarter.

Vanguard Tax-Exempt Bond ETF Company Profile

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.