VTES ETF Analysis: Short-Term Tax-Exempt Bond | NYSE
Muni National Short | NYSE, USA | Market Cap: 2.170m USD | 12M Return: 2.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 18.5M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 3.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The Vanguard Short-Term Tax-Exempt Bond ETF (VTES) is a passively managed exchange-traded fund that seeks to track a Target Index of U.S. municipal bonds. Under normal conditions, the fund invests at least 80% of its net assets in the bonds comprising this index, which consists of debt securities issued primarily by states, local governments, and government agencies. The income generated from these holdings is generally exempt from U.S. federal income taxes and the federal alternative minimum tax (AMT), and the fund maintains a non-diversified status. As an ETF, VTES trades on an exchange like a stock, offering investors intraday liquidity and exposure to a basket of short-term municipal debt securities. Launched in March 2023, the fund focuses on the short end of the municipal bond maturity spectrum, which typically carries lower interest-rate risk than longer-duration bond funds.
- Fed rate cuts pressure short-term muni yields and prices
- Federal tax policy shifts boost demand for tax-exempt bond funds
- State fiscal stress raises municipal credit risk concerns
As of July 28, 2026, the stock is trading at USD 100.63 with a total of 168,554 shares traded. Over the past week, the price has changed by -0.28%, over one month by -0.43%, over three months by -0.06% and over the past year by +2.14%.
Current recommended Stop Loss: 100.40 (which is 0.2% or 1.6 ATR below the current price).
Short-Term Tax-Exempt Bond has no consensus analysts rating.