Short Interest in Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) Grows By 30.4%

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,590 shares, an increase of 30.4% from the February 26th total of 1,219 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 577 shares, the short-interest ratio is presently 2.8 days.

Virtus Newfleet Short Duration High Yield Bond ETF Stock Down 0.0%

VSHY traded down $0.01 during midday trading on Friday, hitting $21.40. 266 shares of the company were exchanged, compared to its average volume of 2,123. The firm’s 50 day moving average price is $21.78 and its 200-day moving average price is $21.87. Virtus Newfleet Short Duration High Yield Bond ETF has a 1-year low of $20.63 and a 1-year high of $22.08.

Virtus Newfleet Short Duration High Yield Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a dividend of $0.1098 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. This is a positive change from Virtus Newfleet Short Duration High Yield Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date was Friday, February 20th.

Institutional Trading of 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 purchased a new position in shares of Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) in the second quarter, according to its most recent filing with the SEC. The firm purchased 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.

About Virtus Newfleet Short Duration High Yield Bond ETF

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.