Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Get Free Report) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 33,891 shares, a decline of 38.3% from the May 31st total of 54,972 shares. Based on an average trading volume of 97,009 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.
Institutional Investors Weigh In On Virtus Newfleet Multi-Sector Bond ETF
A hedge fund recently raised its position in Virtus Newfleet Multi-Sector Bond ETF stock. Fifth Third Securities Inc. raised its position in shares of Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Free Report) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,291 shares of the company’s stock after purchasing an additional 17,629 shares during the quarter. Fifth Third Securities Inc. owned 0.95% of Virtus Newfleet Multi-Sector Bond ETF worth $3,371,000 at the end of the most recent quarter.
Virtus Newfleet Multi-Sector Bond ETF Stock Up 0.2%
Shares of NYSEARCA NFLT traded up $0.04 during midday trading on Thursday, reaching $22.96. The company’s stock had a trading volume of 73,769 shares, compared to its average volume of 89,448. Virtus Newfleet Multi-Sector Bond ETF has a one year low of $22.57 and a one year high of $23.51. The company has a 50 day moving average price of $22.95 and a 200 day moving average price of $23.02.
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.
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