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

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 1,106 shares, a growth of 85.6% from the January 15th total of 596 shares. Based on an average trading volume of 1,021 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,021 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Virtus Newfleet Short Duration High Yield Bond ETF

A hedge fund recently bought a new stake in Virtus Newfleet Short Duration High Yield Bond ETF stock. Virtus Fixed Income Advisers LLC bought a new stake in Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,134,049 shares of the company’s stock, valued at approximately $24,773,000. Virtus Newfleet Short Duration High Yield Bond ETF makes up 22.5% of Virtus Fixed Income Advisers LLC’s holdings, making the stock its 3rd largest position. Virtus Fixed Income Advisers LLC owned 80.77% of Virtus Newfleet Short Duration High Yield Bond ETF at the end of the most recent quarter.

Virtus Newfleet Short Duration High Yield Bond ETF Trading Up 0.0%

Shares of NYSEARCA:VSHY traded up $0.01 during trading on Friday, hitting $21.92. 164 shares of the company’s stock traded hands, compared to its average volume of 1,189. The company has a 50-day moving average price of $21.88 and a 200-day moving average price of $21.91. Virtus Newfleet Short Duration High Yield Bond ETF has a 52 week low of $20.63 and a 52 week high of $22.08.

Virtus Newfleet Short Duration High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, January 27th. Stockholders of record on Tuesday, January 20th were issued a dividend of $0.0611 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%.

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.