Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Short Interest Update

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 54,972 shares, an increase of 179.1% from the May 14th total of 19,695 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 96,451 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Virtus Newfleet Multi-Sector Bond ETF

An institutional investor recently raised its position in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC lifted its position in shares of Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 22.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,264 shares of the company’s stock after buying an additional 12,840 shares during the quarter. EverSource Wealth Advisors LLC owned approximately 0.43% of Virtus Newfleet Multi-Sector Bond ETF worth $1,596,000 at the end of the most recent quarter.

Virtus Newfleet Multi-Sector Bond ETF Stock Performance

Shares of NYSEARCA NFLT traded down $0.15 during midday trading on Friday, reaching $22.99. 113,203 shares of the stock were exchanged, compared to its average volume of 92,161. Virtus Newfleet Multi-Sector Bond ETF has a 52-week low of $22.52 and a 52-week high of $23.51. The stock has a 50 day moving average price of $22.96 and a 200-day moving average price of $23.03.

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.