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

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 27,297 shares, a drop of 43.2% from the August 15th total of 48,080 shares. Based on an average daily volume of 114,218 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Virtus Newfleet Multi-Sector Bond ETF Trading Down 0.1%

Shares of Virtus Newfleet Multi-Sector Bond ETF stock traded down $0.03 during trading hours on Wednesday, hitting $22.47. The company had a trading volume of 86,357 shares, compared to its average volume of 90,380. The company’s 50-day moving average is $22.77 and its two-hundred day moving average is $22.88. Virtus Newfleet Multi-Sector Bond ETF has a twelve month low of $22.45 and a twelve month high of $23.35.

Institutional Trading of Virtus Newfleet Multi-Sector Bond ETF

An institutional investor recently raised its stake in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC grew its stake in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 32.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,888 shares of the company’s stock after purchasing an additional 22,624 shares during the period. EverSource Wealth Advisors LLC owned approximately 0.50% of Virtus Newfleet Multi-Sector Bond ETF worth $2,090,000 at the end of the most recent reporting period.

Virtus Newfleet Multi-Sector Bond ETF Company Profile

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.