Short Interest in Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Rises By 19.9%

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 27,343 shares, a growth of 19.9% from the January 29th total of 22,799 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 22,150 shares, the days-to-cover ratio is presently 1.2 days. Based on an average trading volume of 22,150 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.8% of the shares of the company are short sold.

Virtus Newfleet ABS/MBS ETF Stock Up 0.0%

Shares of Virtus Newfleet ABS/MBS ETF stock opened at $24.37 on Wednesday. Virtus Newfleet ABS/MBS ETF has a 1 year low of $24.10 and a 1 year high of $24.69. The stock has a fifty day moving average price of $24.33 and a 200-day moving average price of $24.36.

Virtus Newfleet ABS/MBS ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.107 dividend. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a yield of 5.3%. This is a boost from Virtus Newfleet ABS/MBS ETF’s previous monthly dividend of $0.05.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VABS. Virtus Fixed Income Advisers LLC bought a new stake in shares of Virtus Newfleet ABS/MBS ETF during the 2nd quarter valued at about $32,443,000. PFG Advisors increased its holdings in shares of Virtus Newfleet ABS/MBS ETF by 5.4% in the second quarter. PFG Advisors now owns 52,555 shares of the company’s stock worth $1,290,000 after buying an additional 2,711 shares during the period. Creative Financial Designs Inc. ADV lifted its position in Virtus Newfleet ABS/MBS ETF by 0.3% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 196,470 shares of the company’s stock valued at $4,765,000 after purchasing an additional 640 shares during the last quarter. Stapp Wealth Management Pllc boosted its position in Virtus Newfleet ABS/MBS ETF by 4.1% during the 4th quarter. Stapp Wealth Management Pllc now owns 78,504 shares of the company’s stock valued at $1,904,000 after buying an additional 3,080 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Virtus Newfleet ABS/MBS ETF by 33.8% in the second quarter. Jane Street Group LLC now owns 37,625 shares of the company’s stock valued at $924,000 after acquiring an additional 9,511 shares during the period.

Virtus Newfleet ABS/MBS ETF Company Profile

The Virtus Newfleet ABS\u002FMBS ETF (VABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in US asset-backed and mortgage-backed securities guaranteed by both government and non-government entities. VABS was launched on Feb 9, 2021 and is managed by Virtus.