Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Stock Short Interest Rises 2,342.5%

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 772,376 shares, a growth of 2,342.5% from the September 15th total of 31,622 shares. Based on an average trading volume of 257,904 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.4% of the shares of the company are sold short.

Virtus Newfleet Multi-Sector Bond ETF Trading Down 0.1%

Shares of NYSEARCA:NFLT traded down $0.03 during trading on Friday, hitting $22.23. 128,826 shares of the company were exchanged, compared to its average volume of 103,598. Virtus Newfleet Multi-Sector Bond ETF has a 52-week low of $21.97 and a 52-week high of $23.35. The stock has a 50 day moving average of $22.58 and a 200 day moving average of $22.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Virtus Newfleet Multi-Sector Bond ETF stock. Roxbury Financial LLC bought a new stake in shares of Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,507 shares of the company’s stock, valued at approximately $33,000.

Virtus Newfleet Multi-Sector Bond ETF Company Profile

The Virtus Newfleet Multi-Sector Bond ETF (NFLT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of bonds. The portfolio managers can invest in domestic, international and emerging market bonds, USD- or non-USD denominated, investment grade or high yield and in any sector. NFLT was launched on Aug 11, 2015 and is managed by Virtus.