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

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 58,361 shares, a growth of 218.9% from the December 15th total of 18,301 shares. Based on an average daily volume of 142,899 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 142,899 shares, the short-interest ratio is presently 0.4 days.

Vanguard Short-Term Tax-Exempt Bond ETF Trading Down 0.0%

Vanguard Short-Term Tax-Exempt Bond ETF stock traded down $0.03 during mid-day trading on Tuesday, reaching $101.96. The company had a trading volume of 105,267 shares, compared to its average volume of 153,011. The stock’s 50-day simple moving average is $101.55 and its 200-day simple moving average is $101.55. Vanguard Short-Term Tax-Exempt Bond ETF has a 1 year low of $98.50 and a 1 year high of $102.39.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VTES. Rossby Financial LCC purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the 3rd quarter valued at $33,000. Physician Wealth Advisors Inc. boosted its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 82.7% during the 2nd quarter. Physician Wealth Advisors Inc. now owns 360 shares of the company’s stock valued at $36,000 after acquiring an additional 163 shares during the last quarter. Eastern Bank acquired a new position in Vanguard Short-Term Tax-Exempt Bond ETF in the second quarter worth about $50,000. Global Retirement Partners LLC raised its position in shares of Vanguard Short-Term Tax-Exempt Bond ETF by 691.1% during the 3rd quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock valued at $81,000 after acquiring an additional 698 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in shares of Vanguard Short-Term Tax-Exempt Bond ETF in the 2nd quarter worth about $83,000.

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.