Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Short Interest Down 34.0% in December

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 14,961 shares, a drop of 34.0% from the November 30th total of 22,680 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 2,021 shares, the days-to-cover ratio is presently 7.4 days. Based on an average daily volume of 2,021 shares, the days-to-cover ratio is presently 7.4 days. Currently, 0.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Virtus Newfleet ABS/MBS ETF

Several institutional investors and hedge funds have recently modified their holdings of VABS. HighTower Advisors LLC boosted its position in Virtus Newfleet ABS/MBS ETF by 65.5% during the first quarter. HighTower Advisors LLC now owns 21,325 shares of the company’s stock worth $520,000 after acquiring an additional 8,436 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Virtus Newfleet ABS/MBS ETF in the 3rd quarter valued at $608,000. Jane Street Group LLC lifted its stake in shares of Virtus Newfleet ABS/MBS ETF by 45.6% during the 1st quarter. Jane Street Group LLC now owns 28,114 shares of the company’s stock worth $686,000 after purchasing an additional 8,799 shares during the period. PFG Advisors boosted its holdings in shares of Virtus Newfleet ABS/MBS ETF by 5.4% during the second quarter. PFG Advisors now owns 52,555 shares of the company’s stock worth $1,290,000 after purchasing an additional 2,711 shares during the last quarter. Finally, Stapp Wealth Management Pllc boosted its holdings in shares of Virtus Newfleet ABS/MBS ETF by 10.2% during the third quarter. Stapp Wealth Management Pllc now owns 75,424 shares of the company’s stock worth $1,835,000 after purchasing an additional 6,959 shares during the last quarter.

Virtus Newfleet ABS/MBS ETF Trading Down 0.1%

VABS stock traded down $0.03 during trading on Monday, hitting $24.22. The stock had a trading volume of 22,113 shares, compared to its average volume of 17,919. The company’s 50 day moving average price is $24.32 and its two-hundred day moving average price is $24.42. Virtus Newfleet ABS/MBS ETF has a 1-year low of $24.10 and a 1-year high of $24.69.

About Virtus Newfleet ABS/MBS ETF

The Virtus Newfleet ABS\u002FMBS ETF (VABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in US asset-backed and mortgage-backed securities guaranteed by both government and non-government entities. VABS was launched on Feb 9, 2021 and is managed by Virtus.