Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Stock Short Interest Drops 75.5%

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 188,981 shares, a decline of 75.5% from the September 30th total of 772,376 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average trading volume of 174,072 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Virtus Newfleet Multi-Sector Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Roxbury Financial LLC purchased a new stake in Virtus Newfleet Multi-Sector Bond ETF during the 3rd quarter worth about $33,000. EverSource Wealth Advisors LLC boosted its holdings in Virtus Newfleet Multi-Sector Bond ETF by 32.7% in the first quarter. EverSource Wealth Advisors LLC now owns 91,888 shares of the company’s stock valued at $2,090,000 after purchasing an additional 22,624 shares in the last quarter. Finally, Fifth Third Securities Inc. acquired a new position in Virtus Newfleet Multi-Sector Bond ETF in the third quarter valued at approximately $4,168,000.

Virtus Newfleet Multi-Sector Bond ETF Price Performance

Virtus Newfleet Multi-Sector Bond ETF stock traded up $0.03 during mid-day trading on Wednesday, reaching $22.19. 123,213 shares of the company’s stock were exchanged, compared to its average volume of 106,251. Virtus Newfleet Multi-Sector Bond ETF has a twelve month low of $21.97 and a twelve month high of $23.35. The company has a fifty day moving average of $22.43 and a 200-day moving average of $22.84.

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.