Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) Sees Large Decline in Short Interest

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 489 shares, a decline of 76.0% from the August 31st total of 2,037 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 762 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Virtus Newfleet Short Duration High Yield Bond ETF stock. NewEdge Advisors LLC bought 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 Form 13F filing with the Securities and Exchange Commission. The fund bought 17,517 shares of the company’s stock, valued at approximately $381,000. NewEdge Advisors LLC owned 1.22% 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 Price Performance

NYSEARCA:VSHY traded up $0.01 on Friday, reaching $21.34. 667 shares of the company’s stock were exchanged, compared to its average volume of 2,019. The stock has a fifty day simple moving average of $21.64 and a 200-day simple moving average of $21.68. Virtus Newfleet Short Duration High Yield Bond ETF has a 52 week low of $21.30 and a 52 week high of $22.07.

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.