Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) Sees Large Decline in Short Interest

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 596 shares, a drop of 34.6% from the December 31st total of 912 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,925 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 1,925 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Virtus Newfleet Short Duration High Yield Bond ETF

An institutional investor recently bought a new position in Virtus Newfleet Short Duration High Yield Bond ETF stock. Virtus Fixed Income Advisers LLC purchased a new position in shares of Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,134,049 shares of the company’s stock, valued at approximately $24,773,000. Virtus Newfleet Short Duration High Yield Bond ETF makes up approximately 22.5% of Virtus Fixed Income Advisers LLC’s holdings, making the stock its 3rd biggest holding. Virtus Fixed Income Advisers LLC owned approximately 80.77% of Virtus Newfleet Short Duration High Yield Bond ETF at the end of the most recent quarter.

Virtus Newfleet Short Duration High Yield Bond ETF Trading Up 0.2%

Shares of VSHY stock traded up $0.04 during trading hours on Friday, hitting $21.90. The stock had a trading volume of 16 shares, compared to its average volume of 1,461. The stock’s 50-day moving average price is $21.88 and its two-hundred day moving average price is $21.90. Virtus Newfleet Short Duration High Yield Bond ETF has a one year low of $20.63 and a one year high of $22.08.

Virtus Newfleet Short Duration High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Investors of record on Tuesday, January 20th were issued a dividend of $0.0611 per share. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, January 20th.

Virtus Newfleet Short Duration High Yield Bond ETF Company Profile

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.