Virtus Newfleet Short Duration Core Plus Bond ETF (NYSEARCA:SDCP – Get Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 5,041 shares, a growth of 22,813.6% from the May 31st total of 22 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 1,344 shares, the short-interest ratio is presently 3.8 days.
Virtus Newfleet Short Duration Core Plus Bond ETF Stock Up 0.1%
Shares of SDCP opened at $25.57 on Friday. Virtus Newfleet Short Duration Core Plus Bond ETF has a twelve month low of $25.51 and a twelve month high of $27.06. The company has a 50 day moving average of $25.61 and a 200-day moving average of $25.70.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. &PARTNERS increased its stake in Virtus Newfleet Short Duration Core Plus Bond ETF by 20.1% in the 4th quarter. &PARTNERS now owns 57,503 shares of the company’s stock valued at $1,480,000 after buying an additional 9,608 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Virtus Newfleet Short Duration Core Plus Bond ETF during the 3rd quarter worth about $1,250,000. Finally, Jane Street Group LLC bought a new position in shares of Virtus Newfleet Short Duration Core Plus Bond ETF in the 2nd quarter valued at about $490,000.
About Virtus Newfleet Short Duration Core Plus Bond ETF
The Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that offers exposure to a diverse range of fixed-income securities from around the world. The portfolio comprises debt securities of varying credit qualities and targets an overall short duration, typically ranging from 1 to 3 years. SDCP was launched on Nov 15, 2023 and is issued by Virtus Investment Partners.
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