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

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHYGet Free Report) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 1,590 shares, an increase of 30.4% from the February 26th total of 1,219 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 577 shares, the days-to-cover ratio is currently 2.8 days.

Virtus Newfleet Short Duration High Yield Bond ETF Price Performance

Shares of NYSEARCA VSHY traded up $0.07 during mid-day trading on Tuesday, hitting $21.50. The stock had a trading volume of 8,850 shares, compared to its average volume of 2,207. The company has a 50 day moving average of $21.78 and a two-hundred day moving average of $21.87. Virtus Newfleet Short Duration High Yield Bond ETF has a twelve month low of $20.63 and a twelve month high of $22.08.

Virtus Newfleet Short Duration High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were given a dividend of $0.1098 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 6.1%. This is a boost from Virtus Newfleet Short Duration High Yield Bond ETF’s previous monthly dividend of $0.06.

Hedge Funds Weigh In On 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. NewEdge Advisors LLC acquired a new position in Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHYFree Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,197 shares of the company’s stock, valued at approximately $223,000. NewEdge Advisors LLC owned 0.73% of Virtus Newfleet Short Duration High Yield Bond ETF as of its most recent filing with the Securities & Exchange Commission.

About Virtus Newfleet Short Duration High Yield Bond ETF

(Get Free Report)

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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