Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Sees Large Growth in Short Interest

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 91,128 shares, an increase of 57.4% from the August 15th total of 57,894 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 273,903 shares, the short-interest ratio is presently 0.3 days.

Vanguard Short-Term Tax-Exempt Bond ETF Stock Down 0.2%

NYSEARCA:VTES opened at $99.51 on Friday. Vanguard Short-Term Tax-Exempt Bond ETF has a one year low of $99.44 and a one year high of $102.71. The stock has a 50 day moving average price of $100.56 and a 200 day moving average price of $101.01.

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 the stock. Wescott Financial Advisory Group LLC boosted its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 5.1% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 668,567 shares of the company’s stock valued at $67,910,000 after acquiring an additional 32,412 shares during the last quarter. Bank of America Corp DE raised its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 35.8% during the first quarter. Bank of America Corp DE now owns 378,943 shares of the company’s stock worth $38,326,000 after purchasing an additional 99,912 shares during the period. TIAA Trust National Association boosted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% in the 4th quarter. TIAA Trust National Association now owns 281,168 shares of the company’s stock valued at $28,560,000 after purchasing an additional 31,200 shares during the last quarter. Savant Capital LLC boosted its holdings in Vanguard Short-Term Tax-Exempt Bond ETF by 12.5% in the 4th quarter. Savant Capital LLC now owns 106,331 shares of the company’s stock valued at $10,801,000 after purchasing an additional 11,852 shares during the last quarter. Finally, Beacon Bank & Trust grew its stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 2.0% in the 2nd quarter. Beacon Bank & Trust now owns 96,154 shares of the company’s stock valued at $9,741,000 after buying an additional 1,926 shares during the period.

Vanguard Short-Term Tax-Exempt Bond ETF Company Profile

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.