Vanguard Short-Term Tax-Exempt Bond ETF(VTES · ETF)
ETF quote, holdings, sector allocation, technicals, and options analytics.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
- 52-Week Range
- $100.26 – $102.71
- YTD
- -1.24%
- IV Rank (30D)
- 24.24
- Straddle Price
- $3.50
Vanguard Short-Term Tax-Exempt Bond ETF (VTES) ETF
- Exchange
- ARCX
- Inception
- 2023-03-08
- Has Options
- Yes
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-01 | 2026-09-03 | $0.2141 | CD |
| 2026-08-03 | 2026-08-05 | $0.2191 | CD |
| 2026-07-01 | 2026-07-06 | $0.2263 | CD |
| 2026-06-01 | 2026-06-03 | $0.2187 | CD |
| 2026-05-01 | 2026-05-05 | $0.2295 | CD |
| 2026-04-01 | 2026-04-06 | $0.2226 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund | 2.10% | Short-term investment | US |
| — | New York City Transitional Finance Authority Future Tax Secured Revenue | 0.32% | Debt | US |
| — | State of California | 0.29% | Debt | US |
| — | New Jersey Economic Development Authority | 0.27% | Debt | US |
| — | Dallas Independent School District | 0.27% | Debt | US |
| — | State of Illinois | 0.26% | Debt | US |
| — | State of New Jersey | 0.25% | Debt | US |
| — | New Jersey Transportation Trust Fund Authority | 0.25% | Debt | US |
| — | Wyandotte County Unified School District No 500 Kansas City | 0.23% | Debt | US |
| — | East County Advanced Water Purification Joint Powers Authority | 0.23% | Debt | US |
| — | University of California | 0.21% | Debt | US |
| — | Ohio Water Development Authority | 0.21% | Debt | US |
| — | Los Angeles Unified School District/CA | 0.20% | Debt | US |
| — | State of New Jersey | 0.19% | Debt | US |
| — | City of New York NY | 0.19% | Debt | US |
| — | State of New Jersey | 0.19% | Debt | US |
| — | Los Angeles Department of Water & Power | 0.18% | Debt | US |
| — | Ohio Water Development Authority | 0.18% | Debt | US |
| — | Bay Area Toll Authority | 0.18% | Debt | US |
| — | State of New Jersey | 0.18% | Debt | US |
| — | State of New Jersey | 0.18% | Debt | US |
| — | Los Angeles Department of Water & Power | 0.18% | Debt | US |
| — | University of California | 0.18% | Debt | US |
| — | Board of Regents of the University of Texas System | 0.17% | Debt | US |
| — | New Jersey Turnpike Authority | 0.17% | Debt | US |
| — | Commonwealth of Massachusetts | 0.17% | Debt | US |
| — | State of California | 0.17% | Debt | US |
| — | State of New Jersey | 0.16% | Debt | US |
| — | Virginia Public Building Authority | 0.16% | Debt | US |
| — | University of Pittsburgh-of the Commonwealth System of Higher Education | 0.16% | Debt | US |
| — | State of California | 0.16% | Debt | US |
| — | State of Wisconsin | 0.16% | Debt | US |
| — | City of New York NY | 0.16% | Debt | US |
| — | Kentucky State Property & Building Commission | 0.15% | Debt | US |
| — | State of California | 0.15% | Debt | US |
| — | State of Washington | 0.15% | Debt | US |
| — | State of North Carolina | 0.15% | Debt | US |
| — | South Carolina Association of Governmental Organizations | 0.15% | Debt | US |
| — | Connecticut State Health & Educational Facilities Authority | 0.15% | Debt | US |
| — | Delaware Valley Regional Finance Authority | 0.14% | Debt | US |
| — | New Jersey Transportation Trust Fund Authority | 0.14% | Debt | US |
| — | Great Lakes Water Authority Sewage Disposal System Revenue | 0.14% | Debt | US |
| — | East County Advanced Water Purification Joint Powers Authority | 0.14% | Debt | US |
| — | State of California | 0.14% | Debt | US |
| — | State of Maryland | 0.14% | Debt | US |
| — | New York City Municipal Water Finance Authority | 0.14% | Debt | US |
| — | State of California | 0.14% | Debt | US |
| — | Washington Metropolitan Area Transit Authority Dedicated Revenue | 0.13% | Debt | US |
| — | State of California | 0.13% | Debt | US |
| — | County of Guilford NC | 0.13% | Debt | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Municipal | 97.78% | $1.73B | 3066 |
| Short-term investment | 2.10% | $37.1M | 1 |
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | +0.28% | 3 |
| Feb | +0.26% | 3 |
| Mar | -0.16% | 4 |
| Apr | -0.37% | 4 |
| May | -0.12% | 4 |
| Jun | +0.45% | 4 |
| Jul | +0.20% | 4 |
| Aug | +0.23% | 4 |
| Sep | -0.17% | 4 |
| Oct | -0.26% | 3 |
| Nov | +1.08% | 3 |
| Dec | +0.05% | 3 |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: VTES
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Technical indicators suggest a weak trend, with a bearish MACD signal
- Momentum oscillators indicate neutral sentiment, with RSI below 70
- Bollinger Bands are in a neutral phase, with no strong signals
Primary Risks:
- High implied volatility, which may not be justified by the current market conditions
- Options market is pricing a $3.50 move by expiration, but there are no recent news headlines suggesting such a large movement
Investment Thesis: VTES appears to be in a consolidation phase, with no strong buy or sell signals. The stock's low volatility and neutral sentiment suggest it may continue to trade within its current range.
Recent News Sentiment Impact: Recent news headlines have been mixed, with one negative article and two neutral articles. This has not had a significant impact on the stock price.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Neutral
- Medium-term (1-3 months): Weak downtrend
- Long-term (3-12 months): Uptrend
Support/Resistance Levels:
- SMA 20: $100.75 (resistance)
- SMA 50: $100.83 (support)
- Upper Bollinger Band: $101.17 (resistance)
Momentum Signals:
- RSI interpretation: Neutral, below 70
- MACD signal: Bearish
- Bollinger Bands position: Neutral
Volume Analysis: Volume indicators suggest a low volume regime, with no significant institutional interest.
News & Sentiment Analysis
Recent Headlines Summary: Mixed news headlines with one negative article and two neutral articles.
Sentiment Assessment: Neutral sentiment, with no strong emotions detected.
Catalyst Identification: No recent news headlines suggesting a catalyst for a large price movement.
Market Narrative: The market narrative suggests that VTES is in a consolidation phase, with no strong buy or sell signals.
Risk & Volatility Assessment
Beta Interpretation: Low volatility - stock moves less than market (beta: 0.03).
Volatility Regime: Historically low volatility.
Options Market Signals: Options market pricing a $3.50 move by expiration, but there are no recent news headlines suggesting such a large movement.
Downside Protection: Support levels at SMA 20 and SMA 50 provide some downside protection.
Market Context & Positioning
Sector Performance: VTES is performing in line with its sector.
Institutional Activity: Low institutional interest, suggesting no significant buying or selling pressure.
Correlation Analysis: Correlated with the market (R-squared: 0.26).
Relative Valuation: Trading within its historical range.
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $100.75 (resistance)
- SMA 50: $100.83 (support)
Breakout/Breakdown Levels:
- Upper Bollinger Band: $101.17 (resistance)
Time-Sensitive Catalysts: No recent news headlines suggesting a catalyst for a large price movement.
Risk Management: Consider stop-loss levels at SMA 20 and SMA 50, with position sizing considerations based on market conditions.
Note: This report is intended to provide an objective analysis of the stock's technical and fundamental indicators, as well as its market context. The report does not provide buy or sell recommendations.
- IV Rank (30D)
- 24.24
- IV Rank (7D)
- 53.78
- Avg IV
- 12.2%
- Straddle (30D)
- $3.50
- Straddle (7D)
- $3.02
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
- Beta (1Y vs SPY)
- 0.03
- Correlation (SPY)
- 25.6%
- R²
- 0.07
- Ann. Volatility
- 1.5%
- SPY Volatility
- 12.8%
Low volatility - stock moves less than market
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|