Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY – Get Free Report) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 8,452 shares, a decrease of 50.9% from the May 31st total of 17,200 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 3,676 shares, the days-to-cover ratio is presently 2.3 days.
Hedge Funds Weigh In On Virtus Newfleet Short Duration High Yield Bond ETF
A hedge fund recently bought a new position in Virtus Newfleet Short Duration High Yield Bond ETF stock. NewEdge Advisors LLC bought a new position in Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,197 shares of the company’s stock, valued at approximately $223,000. NewEdge Advisors LLC owned approximately 0.73% of Virtus Newfleet Short Duration High Yield Bond ETF at the end of the most recent reporting period.
Virtus Newfleet Short Duration High Yield Bond ETF Stock Performance
Shares of NYSEARCA VSHY traded up $0.02 during midday trading on Wednesday, hitting $21.74. The company’s stock had a trading volume of 1,326 shares, compared to its average volume of 2,356. The stock has a fifty day moving average price of $21.73 and a 200 day moving average price of $21.77. Virtus Newfleet Short Duration High Yield Bond ETF has a one year low of $21.40 and a one year high of $22.08.
About Virtus Newfleet Short Duration High Yield Bond ETF
The Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in high yield debt securities from US and emerging market issuers, while targeting a portfolio duration of one to three years. VSHY was launched on Dec 5, 2016 and is issued by Virtus Investment Partners.
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