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) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 10,276 shares, a growth of 677.3% from the April 30th total of 1,322 shares. Based on an average trading volume of 5,731 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.7% of the company’s stock are short sold.

Virtus Newfleet Short Duration High Yield Bond ETF Trading Up 0.2%

Shares of Virtus Newfleet Short Duration High Yield Bond ETF stock opened at $21.73 on Friday. Virtus Newfleet Short Duration High Yield Bond ETF has a 1 year low of $21.40 and a 1 year high of $22.08. The firm’s 50-day moving average is $21.66 and its 200 day moving average is $21.79.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Virtus Newfleet Short Duration High Yield Bond ETF stock. NewEdge Advisors 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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.

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.