Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Short Interest Down 58.3% in April

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 20,109 shares, a drop of 58.3% from the April 15th total of 48,169 shares. Based on an average daily trading volume, of 52,493 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Virtus Newfleet Multi-Sector Bond ETF Stock Down 0.4%

Shares of Virtus Newfleet Multi-Sector Bond ETF stock opened at $22.90 on Friday. Virtus Newfleet Multi-Sector Bond ETF has a 12-month low of $22.19 and a 12-month high of $23.51. The company has a 50-day moving average of $22.94 and a two-hundred day moving average of $23.06.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC raised its stake in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 22.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,264 shares of the company’s stock after buying an additional 12,840 shares during the period. EverSource Wealth Advisors LLC owned approximately 0.43% of Virtus Newfleet Multi-Sector Bond ETF worth $1,596,000 at the end of the most recent reporting period.

Virtus Newfleet Multi-Sector Bond ETF Company Profile

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.