Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Short Interest Down 58.3% in April

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 20,109 shares, a drop of 58.3% from the April 15th total of 48,169 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 52,493 shares, the days-to-cover ratio is currently 0.4 days.

Virtus Newfleet Multi-Sector Bond ETF Stock Performance

Shares of NFLT traded down $0.10 on Friday, reaching $22.90. 313,433 shares of the company’s stock traded hands, compared to its average volume of 90,568. The stock’s 50 day simple moving average is $22.94 and its two-hundred day simple moving average is $23.06. Virtus Newfleet Multi-Sector Bond ETF has a 52-week low of $22.19 and a 52-week high of $23.51.

Institutional Trading of Virtus Newfleet Multi-Sector Bond ETF

An institutional investor recently raised its position in Virtus Newfleet Multi-Sector Bond ETF stock. Fifth Third Securities Inc. lifted its holdings in shares of Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,291 shares of the company’s stock after acquiring an additional 17,629 shares during the quarter. Fifth Third Securities Inc. owned 0.95% of Virtus Newfleet Multi-Sector Bond ETF worth $3,371,000 at the end of the most recent quarter.

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.