Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Short Interest Down 43.2% in August

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 27,297 shares, a decline of 43.2% from the August 15th total of 48,080 shares. Based on an average daily volume of 114,218 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

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

An institutional investor recently raised its stake in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC increased its stake in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 32.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,888 shares of the company’s stock after purchasing an additional 22,624 shares during the period. EverSource Wealth Advisors LLC owned approximately 0.50% of Virtus Newfleet Multi-Sector Bond ETF worth $2,090,000 as of its most recent filing with the Securities and Exchange Commission.

Virtus Newfleet Multi-Sector Bond ETF Price Performance

NYSEARCA NFLT opened at $22.52 on Tuesday. The business has a 50 day simple moving average of $22.78 and a 200 day simple moving average of $22.89. Virtus Newfleet Multi-Sector Bond ETF has a 52-week low of $22.47 and a 52-week high of $23.35.

About Virtus Newfleet Multi-Sector Bond ETF

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.