Short Interest in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Expands By 75.6%

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 48,080 shares, an increase of 75.6% from the July 30th total of 27,387 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 64,476 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC raised its position in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,264 shares of the company’s stock after purchasing an additional 12,840 shares during the quarter. EverSource Wealth Advisors LLC owned 0.43% of Virtus Newfleet Multi-Sector Bond ETF worth $1,596,000 as of its most recent SEC filing.

Virtus Newfleet Multi-Sector Bond ETF Stock Performance

NFLT opened at $22.74 on Monday. The company’s 50 day moving average is $22.84 and its 200-day moving average is $22.94. Virtus Newfleet Multi-Sector Bond ETF has a 1-year low of $22.57 and a 1-year high of $23.51.

About Virtus Newfleet Multi-Sector Bond ETF

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.