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

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

Institutional Investors Weigh In On Vanguard Long-Term Corporate Bond ETF

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

Vanguard Long-Term Corporate Bond ETF Price Performance

Shares of VCLT opened at $75.61 on Monday. Vanguard Long-Term Corporate Bond ETF has a one year low of $72.86 and a one year high of $82.63. The business’s 50 day simple moving average is $75.78 and its 200-day simple moving average is $77.05.

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.

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.