Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 9,334 shares, a decline of 51.5% from the October 15th total of 19,245 shares. Based on an average daily trading volume, of 5,756 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.6% of the company’s shares are short sold.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Greenline Wealth Management LLC acquired a new stake in Virtus Newfleet Short Duration High Yield Bond ETF in the third quarter worth $508,000. NewEdge Advisors LLC bought a new stake in Virtus Newfleet Short Duration High Yield Bond ETF in the second quarter valued at $381,000. Finally, VestGen Advisors LLC increased its stake in Virtus Newfleet Short Duration High Yield Bond ETF by 7.7% in the third quarter. VestGen Advisors LLC now owns 39,242 shares of the company’s stock valued at $830,000 after purchasing an additional 2,795 shares in the last quarter.
Virtus Newfleet Short Duration High Yield Bond ETF Price Performance
Shares of Virtus Newfleet Short Duration High Yield Bond ETF stock traded down $0.04 on Friday, reaching $21.34. 1,005 shares of the company’s stock were exchanged, compared to its average volume of 2,332. Virtus Newfleet Short Duration High Yield Bond ETF has a 52 week low of $21.11 and a 52 week high of $22.01. The firm’s 50-day moving average is $21.38 and its two-hundred day moving average is $21.64.
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.
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