Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Sees Significant Increase in Short Interest

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 54,972 shares, an increase of 179.1% from the May 14th total of 19,695 shares. Based on an average daily trading volume, of 96,451 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Virtus Newfleet Multi-Sector Bond ETF

A hedge fund recently raised its stake in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC increased its holdings in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 41.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 56,424 shares of the company’s stock after buying an additional 16,420 shares during the quarter. EverSource Wealth Advisors LLC owned about 0.40% of Virtus Newfleet Multi-Sector Bond ETF worth $1,301,000 at the end of the most recent reporting period.

Virtus Newfleet Multi-Sector Bond ETF Stock Performance

Shares of NYSEARCA:NFLT traded down $0.15 during trading on Friday, reaching $22.99. 113,203 shares of the company traded hands, compared to its average volume of 92,161. Virtus Newfleet Multi-Sector Bond ETF has a 52-week low of $22.52 and a 52-week high of $23.51. The business’s fifty day moving average is $22.96 and its 200-day moving average is $23.03.

About Virtus Newfleet Multi-Sector Bond ETF

The Virtus Newfleet Multi-Sector Bond ETF (NFLT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of bonds. The portfolio managers can invest in domestic, international and emerging market bonds, USD- or non-USD denominated, investment grade or high yield and in any sector. NFLT was launched on Aug 11, 2015 and is managed by Virtus.