Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY – Get 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
About Virtus Newfleet Short Duration High Yield Bond ETF
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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