Vanguard Total Corporate Bond Fund (NASDAQ:VTC) Sees Significant Growth in Short Interest

Vanguard Total Corporate Bond Fund (NASDAQ:VTC) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 24,700 shares, a growth of 233.8% from the November 15th total of 7,400 shares. Based on an average trading volume of 47,900 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Vanguard Total Corporate Bond Fund

Several hedge funds have recently modified their holdings of the stock. Axxcess Wealth Management LLC raised its holdings in shares of Vanguard Total Corporate Bond Fund by 0.8% during the second quarter. Axxcess Wealth Management LLC now owns 694,788 shares of the company’s stock valued at $52,595,000 after purchasing an additional 5,817 shares during the period. Breakwater Investment Management acquired a new stake in shares of Vanguard Total Corporate Bond Fund in the 2nd quarter worth about $187,000. National Bank of Canada FI lifted its position in Vanguard Total Corporate Bond Fund by 20.3% in the 2nd quarter. National Bank of Canada FI now owns 19,700 shares of the company’s stock valued at $1,478,000 after acquiring an additional 3,322 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Vanguard Total Corporate Bond Fund during the 2nd quarter worth approximately $31,000. Finally, Claro Advisors LLC bought a new stake in Vanguard Total Corporate Bond Fund during the 2nd quarter worth approximately $478,000.

Vanguard Total Corporate Bond Fund Stock Down 0.1 %

Shares of NASDAQ VTC traded down $0.07 during midday trading on Wednesday, reaching $77.55. The stock had a trading volume of 24,280 shares, compared to its average volume of 44,788. The company’s 50 day moving average price is $77.44 and its 200 day moving average price is $77.36. Vanguard Total Corporate Bond Fund has a twelve month low of $73.95 and a twelve month high of $79.92.

Vanguard Total Corporate Bond Fund Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were given a dividend of $0.30 per share. The ex-dividend date was Friday, November 1st. This represents a $3.60 dividend on an annualized basis and a yield of 4.64%. This is a boost from Vanguard Total Corporate Bond Fund’s previous monthly dividend of $0.28.

About Vanguard Total Corporate Bond Fund

The Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is a fund-of-funds. It tracks an index designed to provide exposure to investment-grade US corporate bonds with broad maturities. VTC was launched on Nov 7, 2017 and is managed by Vanguard.