Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP) Sees Large Increase in Short Interest

Vanguard Short-Term Inflation-Protected Securities ETF (NASDAQ:VTIP – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,501,303 shares, a growth of 59.2% from the July 15th total of 942,831 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 1,956,596 shares, the days-to-cover ratio is currently 0.8 days.

Vanguard Short-Term Inflation-Protected Securities ETF Trading Up 0.1%

Shares of NASDAQ:VTIP opened at $49.76 on Wednesday. The firm has a fifty day moving average price of $49.82 and a 200 day moving average price of $49.97. Vanguard Short-Term Inflation-Protected Securities ETF has a 1-year low of $49.35 and a 1-year high of $50.81.

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Vanguard Short-Term Inflation-Protected Securities ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were issued a $0.6804 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This is a positive change from Vanguard Short-Term Inflation-Protected Securities ETF’s previous quarterly dividend of $0.02. This represents a $2.72 dividend on an annualized basis and a dividend yield of 5.5%.

Institutional Investors Weigh In On Vanguard Short-Term Inflation-Protected Securities ETF

Several hedge funds have recently made changes to their positions in VTIP. NewEdge Advisors LLC raised its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 86.9% during the second quarter. NewEdge Advisors LLC now owns 176,527 shares of the company’s stock worth $8,874,000 after purchasing an additional 82,056 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Vanguard Short-Term Inflation-Protected Securities ETF by 16.3% during the second quarter. The Manufacturers Life Insurance Company now owns 261,182 shares of the company’s stock worth $13,130,000 after acquiring an additional 36,624 shares during the period. Main Street Financial Solutions LLC raised its holdings in Vanguard Short-Term Inflation-Protected Securities ETF by 16.0% during the second quarter. Main Street Financial Solutions LLC now owns 22,056 shares of the company’s stock worth $1,109,000 after purchasing an additional 3,035 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in Vanguard Short-Term Inflation-Protected Securities ETF during the second quarter worth about $210,000. Finally, Raymond James Financial Inc. raised its holdings in Vanguard Short-Term Inflation-Protected Securities ETF by 10.8% during the second quarter. Raymond James Financial Inc. now owns 586,133 shares of the company’s stock worth $29,465,000 after purchasing an additional 57,079 shares in the last quarter.

About Vanguard Short-Term Inflation-Protected Securities ETF

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The Vanguard Short-Term Inflation-Protected Securities Index Fund (VTIP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of US Treasury Inflation-Protected Securities (TIPS) with less than 5 years remaining to maturity. VTIP was launched on Oct 12, 2012 and is managed by Vanguard.

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