Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV) Sees Significant Drop in Short Interest
by Scott Moore · The Cerbat GemVanguard Intermediate-Term Bond ETF (NYSEARCA:BIV – Get Free Report) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 179,169 shares, a drop of 67.3% from the March 31st total of 548,324 shares. Based on an average trading volume of 2,000,174 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Vanguard Intermediate-Term Bond ETF Stock Down 0.2%
Shares of BIV traded down $0.14 during midday trading on Monday, reaching $77.28. The company had a trading volume of 1,217,057 shares, compared to its average volume of 2,228,612. Vanguard Intermediate-Term Bond ETF has a 1-year low of $75.28 and a 1-year high of $79.08. The firm has a 50 day simple moving average of $77.61 and a 200-day simple moving average of $77.94.
Institutional Trading of Vanguard Intermediate-Term Bond ETF
A number of hedge funds and other institutional investors have recently modified their holdings of BIV. First Horizon Corp acquired a new stake in shares of Vanguard Intermediate-Term Bond ETF during the 3rd quarter worth about $1,471,000. Clarity Wealth Advisors LLC increased its position in shares of Vanguard Intermediate-Term Bond ETF by 18.2% during the 3rd quarter. Clarity Wealth Advisors LLC now owns 114,011 shares of the company’s stock worth $8,903,000 after purchasing an additional 17,562 shares during the last quarter. First Merchants Corp increased its position in shares of Vanguard Intermediate-Term Bond ETF by 3.3% during the 3rd quarter. First Merchants Corp now owns 289,280 shares of the company’s stock worth $22,590,000 after purchasing an additional 9,107 shares during the last quarter. Benjamin Edwards Inc. increased its position in shares of Vanguard Intermediate-Term Bond ETF by 112.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 19,984 shares of the company’s stock worth $1,562,000 after purchasing an additional 10,596 shares during the last quarter. Finally, Betterment LLC increased its position in shares of Vanguard Intermediate-Term Bond ETF by 7.2% during the 3rd quarter. Betterment LLC now owns 282,041 shares of the company’s stock worth $22,025,000 after purchasing an additional 19,017 shares during the last quarter.
About Vanguard Intermediate-Term Bond ETF
Vanguard Intermediate-Term Bond ETF (the Fund) seeks to track the performance of a market-weighted bond index with an intermediate-term, dollar-weighted average maturity. The Fund employs a passive management or indexing strategy designed to track the performance of the Barclays Capital U.S. 5-10 Year Government/Credit Bond Index (the Index). The Index includes all medium and larger issues of the United States Government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued.