Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) Short Interest Update

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 903 shares, a drop of 18.4% from the January 29th total of 1,106 shares. Based on an average daily volume of 638 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 638 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Virtus Newfleet Short Duration High Yield Bond ETF stock. Virtus Fixed Income Advisers LLC acquired a new stake in shares of Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,134,049 shares of the company’s stock, valued at approximately $24,773,000. Virtus Newfleet Short Duration High Yield Bond ETF accounts for 22.5% of Virtus Fixed Income Advisers LLC’s portfolio, making the stock its 3rd biggest position. Virtus Fixed Income Advisers LLC owned about 80.77% of Virtus Newfleet Short Duration High Yield Bond ETF at the end of the most recent reporting period.

Virtus Newfleet Short Duration High Yield Bond ETF Stock Up 0.1%

VSHY opened at $21.84 on Thursday. The business’s 50 day moving average is $21.87 and its 200-day moving average is $21.91. Virtus Newfleet Short Duration High Yield Bond ETF has a twelve month low of $20.63 and a twelve month high of $22.08.

Virtus Newfleet Short Duration High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a dividend of $0.1098 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Friday, February 20th. This is an increase from Virtus Newfleet Short Duration High Yield Bond ETF’s previous monthly dividend of $0.06.

About Virtus Newfleet Short Duration High Yield Bond ETF

The Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in high yield debt securities from US and emerging market issuers, while targeting a portfolio duration of one to three years. VSHY was launched on Dec 5, 2016 and is issued by Virtus Investment Partners.