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:VSHY) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 1,219 shares, a growth of 35.0% from the February 12th total of 903 shares. Based on an average daily volume of 8,803 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 8,803 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors 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. NewEdge Advisors LLC bought 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 disclosure with the Securities & Exchange Commission. The fund bought 10,197 shares of the company’s stock, valued at approximately $223,000. NewEdge Advisors LLC owned 0.73% 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 Stock Performance

Shares of NYSEARCA:VSHY opened at $21.58 on Friday. The business has a 50 day moving average price of $21.85 and a 200 day moving average price of $21.90. Virtus Newfleet Short Duration High Yield Bond ETF has a twelve month low of $20.63 and a twelve month high of $22.08.

Virtus Newfleet Short Duration High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.1098 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. This is a boost from Virtus Newfleet Short Duration High Yield Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date was Friday, February 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.