Short Interest in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Drops By 38.3%

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 33,891 shares, a drop of 38.3% from the May 31st total of 54,972 shares. Based on an average trading volume of 97,009 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Virtus Newfleet Multi-Sector Bond ETF

A hedge fund recently raised its position in Virtus Newfleet Multi-Sector Bond ETF stock. Fifth Third Securities Inc. boosted its position in shares of Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 13.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,291 shares of the company’s stock after buying an additional 17,629 shares during the quarter. Fifth Third Securities Inc. owned 0.95% of Virtus Newfleet Multi-Sector Bond ETF worth $3,371,000 at the end of the most recent quarter.

Virtus Newfleet Multi-Sector Bond ETF Stock Performance

NFLT traded down $0.01 during trading on Friday, reaching $22.95. The stock had a trading volume of 73,769 shares, compared to its average volume of 89,448. Virtus Newfleet Multi-Sector Bond ETF has a 1-year low of $22.57 and a 1-year high of $23.51. The stock has a 50 day moving average of $22.95 and a two-hundred day moving average of $23.02.

Virtus Newfleet Multi-Sector Bond ETF Company Profile

The Virtus Newfleet Multi-Sector Bond ETF (NFLT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of bonds. The portfolio managers can invest in domestic, international and emerging market bonds, USD- or non-USD denominated, investment grade or high yield and in any sector. NFLT was launched on Aug 11, 2015 and is managed by Virtus.