Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 135,097 shares, a growth of 306.4% from the May 31st total of 33,245 shares. Based on an average daily volume of 175,815 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.7% of the company’s stock are short sold.
Vanguard Short-Term Tax-Exempt Bond ETF Stock Down 0.0%
Vanguard Short-Term Tax-Exempt Bond ETF stock traded down $0.04 during mid-day trading on Friday, reaching $101.27. The company’s stock had a trading volume of 174,993 shares, compared to its average volume of 175,437. Vanguard Short-Term Tax-Exempt Bond ETF has a 12 month low of $100.61 and a 12 month high of $102.71. The business’s 50 day simple moving average is $101.12 and its 200 day simple moving average is $101.57.
Institutional Trading of Vanguard Short-Term Tax-Exempt Bond ETF
A number of hedge funds and other institutional investors have recently modified their holdings of VTES. Avior Wealth Management LLC raised its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 70.4% during the 4th quarter. Avior Wealth Management LLC now owns 16,935 shares of the company’s stock worth $1,720,000 after purchasing an additional 6,995 shares in the last quarter. S.A. Mason LLC bought a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the fourth quarter valued at $2,703,000. Apella Capital LLC acquired a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter worth $5,126,000. Farther Finance Advisors LLC increased its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 57.5% during the fourth quarter. Farther Finance Advisors LLC now owns 16,296 shares of the company’s stock worth $1,655,000 after buying an additional 5,952 shares during the last quarter. Finally, Directional Asset Management bought a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the fourth quarter worth $607,000.
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. VTES was launched on Feb 22, 2023 and is managed by Vanguard.
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