Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Shares Shorted: Short Interest Down 97.4% in October

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) saw a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 4,992 shares, a decline of 97.4% from the October 15th total of 188,981 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 141,379 shares, the days-to-cover ratio is currently 0.0 days.

Virtus Newfleet Multi-Sector Bond ETF Stock Performance

NYSEARCA:NFLT traded down $0.15 on Tuesday, hitting $22.27. The stock had a trading volume of 64,776 shares, compared to its average volume of 110,716. The company has a fifty day moving average price of $22.33 and a two-hundred day moving average price of $22.80. Virtus Newfleet Multi-Sector Bond ETF has a 1-year low of $21.97 and a 1-year high of $23.34.

Institutional Trading of Virtus Newfleet Multi-Sector Bond ETF

Several institutional investors have recently made changes to their positions in NFLT. Harbour Investments Inc. purchased a new position in Virtus Newfleet Multi-Sector Bond ETF in the third quarter worth approximately $104,000. Fifth Third Securities Inc. acquired a new stake in Virtus Newfleet Multi-Sector Bond ETF during the third quarter worth $4,168,000. Roxbury Financial LLC acquired a new stake in Virtus Newfleet Multi-Sector Bond ETF during the third quarter worth $33,000. Finally, EverSource Wealth Advisors LLC raised its position in Virtus Newfleet Multi-Sector Bond ETF by 32.7% in the first quarter. EverSource Wealth Advisors LLC now owns 91,888 shares of the company’s stock valued at $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.