Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Short Interest Up 89.3% in June

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 35,625 shares, an increase of 89.3% from the May 31st total of 18,818 shares. Based on an average daily volume of 124,198 shares, the short-interest ratio is presently 0.3 days. Currently, 1.1% of the company’s shares are short sold.

Virtus Newfleet ABS/MBS ETF Price Performance

NYSEARCA:VABS traded up $0.01 during trading hours on Thursday, reaching $24.18. The company’s stock had a trading volume of 17,479 shares, compared to its average volume of 14,633. The firm has a 50-day simple moving average of $24.17 and a 200-day simple moving average of $24.25. Virtus Newfleet ABS/MBS ETF has a 1 year low of $24.09 and a 1 year high of $24.69.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV lifted its stake in shares of Virtus Newfleet ABS/MBS ETF by 0.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 196,470 shares of the company’s stock valued at $4,765,000 after acquiring an additional 640 shares during the last quarter. Stapp Wealth Management Pllc grew 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 worth $1,904,000 after acquiring an additional 3,080 shares during the last quarter. PFG Advisors grew its position in Virtus Newfleet ABS/MBS ETF by 16.1% during the 4th quarter. PFG Advisors now owns 58,747 shares of the company’s stock worth $1,425,000 after acquiring an additional 8,150 shares during the last quarter. Jane Street Group LLC increased its stake in Virtus Newfleet ABS/MBS ETF by 33.8% in the 2nd quarter. Jane Street Group LLC now owns 37,625 shares of the company’s stock worth $924,000 after purchasing an additional 9,511 shares during the period. Finally, HighTower Advisors LLC increased its stake in Virtus Newfleet ABS/MBS ETF by 1.4% in the 4th quarter. HighTower Advisors LLC now owns 35,623 shares of the company’s stock worth $864,000 after purchasing an additional 503 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.