Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) Shares Shorted: Short Interest Up 397.9% in September

Vanguard Short-Term Tax-Exempt Bond ETF (NYSEARCA:VTES) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,051,997 shares, a growth of 397.9% from the September 15th total of 211,273 shares. Based on an average trading volume of 1,001,286 shares, the short-interest ratio is presently 1.1 days. Currently, 2.8% of the company’s shares are short sold.

Institutional Investors Weigh In On Vanguard Short-Term Tax-Exempt Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc bought a new stake in Vanguard Short-Term Tax-Exempt Bond ETF during the 1st quarter valued at $30,000. Gould Capital LLC purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the 4th quarter valued at $51,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Vanguard Short-Term Tax-Exempt Bond ETF during the third quarter worth about $80,000. American National Bank & Trust acquired a new position in Vanguard Short-Term Tax-Exempt Bond ETF during the 3rd quarter valued at approximately $145,000. Finally, Triumph Capital Management raised its stake in Vanguard Short-Term Tax-Exempt Bond ETF by 50.0% in the 2nd quarter. Triumph Capital Management now owns 1,500 shares of the company’s stock worth $152,000 after acquiring an additional 500 shares during the last quarter.

Vanguard Short-Term Tax-Exempt Bond ETF Price Performance

Shares of Vanguard Short-Term Tax-Exempt Bond ETF stock traded up $0.22 during trading on Friday, hitting $98.97. The stock had a trading volume of 552,222 shares, compared to its average volume of 302,470. The firm’s fifty day simple moving average is $99.95 and its 200-day simple moving average is $100.68. Vanguard Short-Term Tax-Exempt Bond ETF has a 12 month low of $98.02 and a 12 month high of $102.71.

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.