Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Short Interest Update

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 46,076 shares, a growth of 50.2% from the February 26th total of 30,672 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 1,818 shares, the days-to-cover ratio is presently 25.3 days.

Virtus Newfleet ABS/MBS ETF Stock Performance

Shares of VABS traded up $0.04 during trading hours on Friday, hitting $24.14. The stock had a trading volume of 1,056 shares, compared to its average volume of 5,845. Virtus Newfleet ABS/MBS ETF has a 12 month low of $24.10 and a 12 month high of $24.69. The stock has a fifty day moving average price of $24.32 and a 200 day moving average price of $24.33.

Virtus Newfleet ABS/MBS ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were given a $0.107 dividend. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from Virtus Newfleet ABS/MBS ETF’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a yield of 5.3%.

Institutional Investors Weigh In On Virtus Newfleet ABS/MBS ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Virtus Fixed Income Advisers LLC bought a new position in shares of Virtus Newfleet ABS/MBS ETF in the 2nd quarter worth approximately $32,443,000. &PARTNERS grew its position in Virtus Newfleet ABS/MBS ETF by 23.9% during the fourth quarter. &PARTNERS now owns 23,825 shares of the company’s stock valued at $578,000 after buying an additional 4,592 shares during the period. Envestnet Asset Management Inc. bought a new stake in Virtus Newfleet ABS/MBS ETF during the third quarter valued at approximately $608,000. Jane Street Group LLC increased its holdings in Virtus Newfleet ABS/MBS ETF by 33.8% during the second quarter. Jane Street Group LLC now owns 37,625 shares of the company’s stock valued at $924,000 after buying an additional 9,511 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in Virtus Newfleet ABS/MBS ETF by 0.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 196,470 shares of the company’s stock valued at $4,765,000 after buying an additional 640 shares during the last quarter.

Virtus Newfleet ABS/MBS ETF Company Profile

The Virtus Newfleet ABS\u002FMBS ETF (VABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in US asset-backed and mortgage-backed securities guaranteed by both government and non-government entities. VABS was launched on Feb 9, 2021 and is managed by Virtus.