Short Interest in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Expands By 75.6%

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLTGet Free Report) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 48,080 shares, an increase of 75.6% from the July 30th total of 27,387 shares. Based on an average daily trading volume, of 64,476 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Virtus Newfleet Multi-Sector Bond ETF

A hedge fund recently raised its stake in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC boosted its stake in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLTFree Report) by 32.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,888 shares of the company’s stock after purchasing an additional 22,624 shares during the period. EverSource Wealth Advisors LLC owned about 0.50% of Virtus Newfleet Multi-Sector Bond ETF worth $2,090,000 at the end of the most recent reporting period.

Virtus Newfleet Multi-Sector Bond ETF Price Performance

NFLT opened at $22.74 on Monday. Virtus Newfleet Multi-Sector Bond ETF has a fifty-two week low of $22.57 and a fifty-two week high of $23.51. The company’s 50 day moving average price is $22.84 and its two-hundred day moving average price is $22.94.

Virtus Newfleet Multi-Sector Bond ETF Company Profile

(Get Free Report)

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.

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