Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) Sees Significant Decline in Short Interest

Vanguard Intermediate-Term Tax-Exempt Bond ETF (BATS:VTEI) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 6,104 shares, a drop of 92.4% from the May 31st total of 80,639 shares. Based on an average trading volume of 91,617 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Vanguard Intermediate-Term Tax-Exempt Bond ETF Stock Down 0.0%

VTEI opened at $100.92 on Friday. The firm’s fifty day moving average price is $100.58 and its two-hundred day moving average price is $100.93. Vanguard Intermediate-Term Tax-Exempt Bond ETF has a 1 year low of $97.87 and a 1 year high of $102.66.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VTEI. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Vanguard Intermediate-Term Tax-Exempt Bond ETF in the second quarter valued at $86,000. Peapack Gladstone Financial Corp lifted its position in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 61.2% during the second quarter. Peapack Gladstone Financial Corp now owns 7,705 shares of the company’s stock valued at $759,000 after purchasing an additional 2,925 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF during the second quarter valued at approximately $288,000. Jane Street Group LLC increased its stake in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 617.9% in the second quarter. Jane Street Group LLC now owns 68,040 shares of the company’s stock valued at $6,706,000 after acquiring an additional 58,563 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Vanguard Intermediate-Term Tax-Exempt Bond ETF by 87.8% during the second quarter. Bank of America Corp DE now owns 69,872 shares of the company’s stock valued at $6,887,000 after purchasing an additional 32,668 shares in the last quarter.

About Vanguard Intermediate-Term Tax-Exempt Bond ETF

The Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of tax-exempt investment grade debt issued by US state and local governments or agencies. The fund includes muni bonds with an effective maturity below 20 years. VTEI was launched on Jan 30, 2024 and is issued by Vanguard.