Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 9,334 shares, a decrease of 51.5% from the October 15th total of 19,245 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 5,756 shares, the days-to-cover ratio is presently 1.6 days.
Virtus Newfleet Short Duration High Yield Bond ETF Stock Performance
Shares of Virtus Newfleet Short Duration High Yield Bond ETF stock traded down $0.04 on Friday, hitting $21.34. The company had a trading volume of 1,005 shares, compared to its average volume of 2,332. Virtus Newfleet Short Duration High Yield Bond ETF has a 1 year low of $21.11 and a 1 year high of $22.01. The stock has a 50 day moving average of $21.38 and a 200-day moving average of $21.64.
Institutional Investors Weigh In On Virtus Newfleet Short Duration High Yield Bond ETF
Institutional investors have recently bought and sold shares of the stock. VestGen Advisors LLC raised its position in Virtus Newfleet Short Duration High Yield Bond ETF by 7.7% in the 3rd quarter. VestGen Advisors LLC now owns 39,242 shares of the company’s stock valued at $830,000 after buying an additional 2,795 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Virtus Newfleet Short Duration High Yield Bond ETF during the 2nd quarter worth $381,000. Finally, Greenline Wealth Management LLC purchased a new position in Virtus Newfleet Short Duration High Yield Bond ETF during the 3rd quarter worth $508,000.
Virtus Newfleet Short Duration High Yield Bond ETF Company Profile
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.
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