Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Sees Large Decrease in Short Interest

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 5,670,000 shares, a decline of 26.3% from the February 28th total of 7,690,000 shares. Based on an average daily trading volume, of 2,684,400 shares, the short-interest ratio is currently 2.1 days. Currently, 3.1% of the company’s stock are short sold.

Vanguard Long-Term Corporate Bond ETF Stock Up 0.8 %

NASDAQ:VCLT opened at $75.61 on Friday. Vanguard Long-Term Corporate Bond ETF has a 1 year low of $72.86 and a 1 year high of $82.63. The stock has a 50-day simple moving average of $75.78 and a 200-day simple moving average of $77.08.

Vanguard Long-Term Corporate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued a $0.3032 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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

Several hedge funds have recently added to or reduced their stakes in VCLT. Pinney & Scofield Inc. acquired a new position in shares of Vanguard Long-Term Corporate Bond ETF in the 4th quarter valued at $44,000. PSI Advisors LLC lifted its position in Vanguard Long-Term Corporate Bond ETF by 37.1% in the fourth quarter. PSI Advisors LLC now owns 599 shares of the exchange traded fund’s stock valued at $45,000 after acquiring an additional 162 shares during the last quarter. United Community Bank boosted its stake in Vanguard Long-Term Corporate Bond ETF by 444.4% in the fourth quarter. United Community Bank now owns 637 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 520 shares in the last quarter. Mainstream Capital Management LLC purchased a new position in shares of Vanguard Long-Term Corporate Bond ETF during the fourth quarter worth about $52,000. Finally, Glass Jacobson Investment Advisors llc increased its position in shares of Vanguard Long-Term Corporate Bond ETF by 507.1% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,196 shares of the exchange traded fund’s stock worth $97,000 after purchasing an additional 999 shares in the last quarter.

About Vanguard Long-Term Corporate Bond ETF

Vanguard Long Term Corporate Bond ETF (the Fund) seeks to track the performance of a market-weighted corporate bond index with a long-term, dollar-weighted average maturity. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S.