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

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHYGet Free Report) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,106 shares, a growth of 85.6% from the January 15th total of 596 shares. Based on an average trading volume of 1,021 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,021 shares, the days-to-cover ratio is presently 1.1 days.

Virtus Newfleet Short Duration High Yield Bond ETF Stock Performance

Virtus Newfleet Short Duration High Yield Bond ETF stock traded up $0.01 during midday trading on Friday, reaching $21.92. 164 shares of the stock were exchanged, compared to its average volume of 1,189. The company’s fifty day moving average is $21.88 and its 200-day moving average is $21.91. Virtus Newfleet Short Duration High Yield Bond ETF has a 52 week low of $20.63 and a 52 week high of $22.08.

Virtus Newfleet Short Duration High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Tuesday, January 20th were paid a $0.0611 dividend. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Tuesday, January 20th.

Institutional Investors Weigh In On Virtus Newfleet Short Duration High Yield Bond ETF

A hedge fund recently bought a new stake in Virtus Newfleet Short Duration High Yield Bond ETF stock. Virtus Fixed Income Advisers LLC purchased a new stake in shares of Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHYFree Report) in the second quarter, according to the company in its most recent disclosure with the SEC. 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 comprises approximately 22.5% of Virtus Fixed Income Advisers LLC’s investment portfolio, making the stock its 3rd largest holding. Virtus Fixed Income Advisers LLC owned 80.77% of Virtus Newfleet Short Duration High Yield Bond ETF at the end of the most recent reporting period.

About Virtus Newfleet Short Duration High Yield Bond ETF

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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.

Further Reading

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