Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Sees Significant Increase in Short Interest

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 772,376 shares, a growth of 2,342.5% from the September 15th total of 31,622 shares. Based on an average daily volume of 257,904 shares, the days-to-cover ratio is presently 3.0 days. Approximately 3.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Virtus Newfleet Multi-Sector Bond ETF

A hedge fund recently raised its stake in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC boosted its stake in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 32.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,888 shares of the company’s stock after purchasing an additional 22,624 shares during the quarter. EverSource Wealth Advisors LLC owned about 0.50% of Virtus Newfleet Multi-Sector Bond ETF worth $2,090,000 as of its most recent SEC filing.

Virtus Newfleet Multi-Sector Bond ETF Stock Down 0.1%

Shares of NFLT opened at $22.23 on Friday. Virtus Newfleet Multi-Sector Bond ETF has a 1 year low of $21.97 and a 1 year high of $23.35. The company has a 50 day simple moving average of $22.58 and a two-hundred day simple moving average of $22.80.

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.