Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) Short Interest Up 28.9% in March

Vanguard Long-Term Corporate Bond ETF (NASDAQ:VCLT) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 7,310,000 shares, a growth of 28.9% from the March 15th total of 5,670,000 shares. Based on an average daily trading volume, of 2,973,700 shares, the days-to-cover ratio is presently 2.5 days. Currently, 4.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VCLT. First Heartland Consultants Inc. increased its holdings in Vanguard Long-Term Corporate Bond ETF by 2.9% during the 4th quarter. First Heartland Consultants Inc. now owns 4,834 shares of the exchange traded fund’s stock valued at $361,000 after acquiring an additional 135 shares in the last quarter. Flagstar Advisors Inc. increased its stake in shares of Vanguard Long-Term Corporate Bond ETF by 2.0% during the 4th quarter. Flagstar Advisors Inc. now owns 7,311 shares of the exchange traded fund’s stock worth $547,000 after purchasing an additional 143 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its stake in shares of Vanguard Long-Term Corporate Bond ETF by 0.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 19,753 shares of the exchange traded fund’s stock worth $1,477,000 after purchasing an additional 159 shares in the last quarter. PSI Advisors LLC raised its position in shares of Vanguard Long-Term Corporate Bond ETF by 37.1% during the 4th quarter. PSI Advisors LLC now owns 599 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 162 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Vanguard Long-Term Corporate Bond ETF by 0.6% in the 4th quarter. Blue Trust Inc. now owns 28,069 shares of the exchange traded fund’s stock valued at $2,280,000 after buying an additional 171 shares in the last quarter.

Vanguard Long-Term Corporate Bond ETF Trading Down 0.4 %

VCLT stock opened at $73.51 on Friday. The firm has a 50 day moving average of $75.35 and a 200-day moving average of $76.23. Vanguard Long-Term Corporate Bond ETF has a 12-month low of $70.61 and a 12-month high of $82.63.

Vanguard Long-Term Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a $0.3544 dividend. This is a positive change from Vanguard Long-Term Corporate Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date was Tuesday, April 1st. This represents a $4.25 annualized dividend and a yield of 5.79%.

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.