Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 17,597 shares, a drop of 45.3% from the September 15th total of 32,183 shares. Based on an average daily volume of 5,510 shares, the days-to-cover ratio is currently 3.2 days. Approximately 0.4% of the shares of the company are short sold.
Virtus Newfleet ABS/MBS ETF Stock Performance
NYSEARCA:VABS traded up $0.01 during midday trading on Thursday, reaching $23.86. The stock had a trading volume of 7,417 shares, compared to its average volume of 10,483. The firm has a fifty day simple moving average of $24.02 and a two-hundred day simple moving average of $24.12. Virtus Newfleet ABS/MBS ETF has a 12-month low of $23.70 and a 12-month high of $24.49.
About Virtus Newfleet ABS/MBS ETF
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.
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