Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Stock Short Interest Falls 75.5%

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 188,981 shares, a drop of 75.5% from the September 30th total of 772,376 shares. Based on an average trading volume of 174,072 shares, the short-interest ratio is currently 1.1 days. Approximately 0.8% of the company’s stock are sold short.

Virtus Newfleet Multi-Sector Bond ETF Price Performance

Shares of NYSEARCA:NFLT traded down $0.04 on Friday, hitting $22.24. The company had a trading volume of 23,315 shares, compared to its average volume of 106,081. Virtus Newfleet Multi-Sector Bond ETF has a 1-year low of $21.97 and a 1-year high of $23.34. The stock has a 50 day moving average price of $22.40 and a 200 day moving average price of $22.83.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Securities Inc. bought a new position in shares of Virtus Newfleet Multi-Sector Bond ETF in the 3rd quarter valued at $4,168,000. Roxbury Financial LLC bought a new stake in shares of Virtus Newfleet Multi-Sector Bond ETF in the 3rd quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Virtus Newfleet Multi-Sector Bond ETF by 32.7% during the first quarter. EverSource Wealth Advisors LLC now owns 91,888 shares of the company’s stock worth $2,090,000 after purchasing an additional 22,624 shares during the 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.