Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) Sees Significant Increase in Short Interest

Vanguard Intermediate-Term Corporate Bond ETF (NASDAQ:VCIT) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 23,910,000 shares, a growth of 41.0% from the October 15th total of 16,960,000 shares. Based on an average daily volume of 6,875,300 shares, the days-to-cover ratio is currently 3.5 days.

Vanguard Intermediate-Term Corporate Bond ETF Stock Performance

VCIT opened at $80.89 on Friday. The company’s 50-day simple moving average is $82.60 and its two-hundred day simple moving average is $81.37. Vanguard Intermediate-Term Corporate Bond ETF has a 52-week low of $77.12 and a 52-week high of $84.25.

Vanguard Intermediate-Term Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were paid a dividend of $0.3166 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.80 annualized dividend and a yield of 4.70%. This is a boost from Vanguard Intermediate-Term Corporate Bond ETF’s previous monthly dividend of $0.30.

Hedge Funds Weigh In On Vanguard Intermediate-Term Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Providence Capital Advisors LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter worth approximately $25,000. Bull Oak Capital LLC bought a new position in shares of Vanguard Intermediate-Term Corporate Bond ETF in the 3rd quarter worth approximately $27,000. Sound Income Strategies LLC lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 73.9% in the 3rd quarter. Sound Income Strategies LLC now owns 353 shares of the company’s stock worth $30,000 after purchasing an additional 150 shares during the period. Pineridge Advisors LLC lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 57.3% in the 1st quarter. Pineridge Advisors LLC now owns 412 shares of the company’s stock worth $33,000 after purchasing an additional 150 shares during the period. Finally, American National Bank lifted its stake in shares of Vanguard Intermediate-Term Corporate Bond ETF by 70.7% in the 2nd quarter. American National Bank now owns 471 shares of the company’s stock worth $38,000 after purchasing an additional 195 shares during the period.

About Vanguard Intermediate-Term Corporate Bond ETF

Vanguard Intermediate-Term Corporate Bond ETF seeks to track the performance of the Barclays Capital U.S. 5-10 Year Corporate Bond Index, a subset of the Barclays Capital U.S. Aggregate Float Adjusted Index. The Barclays Capital U.S. 5-10 Year Corporate Bond Index measures the investment return of U.S.