Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB – Get Free Report) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 5,926,770 shares, a decline of 32.4% from the July 30th total of 8,764,690 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 7,340,765 shares, the short-interest ratio is currently 0.8 days.
Vanguard Tax-Exempt Bond ETF Price Performance
Shares of VTEB stock traded down $0.43 during mid-day trading on Tuesday, hitting $48.91. 8,650,969 shares of the company’s stock were exchanged, compared to its average volume of 7,600,937. Vanguard Tax-Exempt Bond ETF has a fifty-two week low of $48.76 and a fifty-two week high of $51.18. The stock has a 50-day simple moving average of $49.94 and a two-hundred day simple moving average of $50.18.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC grew its holdings in Vanguard Tax-Exempt Bond ETF by 653.8% in the fourth quarter. Rothschild Investment LLC now owns 490 shares of the company’s stock valued at $25,000 after purchasing an additional 425 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF in the 3rd quarter valued at $25,000. Nepc LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 4th quarter valued at $34,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at $37,000. Finally, Arlington Trust Co LLC purchased a new position in shares of Vanguard Tax-Exempt Bond ETF in the 2nd quarter worth $38,000.
About Vanguard Tax-Exempt Bond ETF
The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.
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