Short Interest in Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Drops By 34.0%

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 14,961 shares, a decrease of 34.0% from the November 30th total of 22,680 shares. Based on an average trading volume of 2,021 shares, the short-interest ratio is currently 7.4 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 2,021 shares, the short-interest ratio is currently 7.4 days.

Institutional Trading of Virtus Newfleet ABS/MBS ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. acquired a new position in Virtus Newfleet ABS/MBS ETF during the third quarter worth about $608,000. Stapp Wealth Management Pllc lifted its position in shares of Virtus Newfleet ABS/MBS ETF by 10.2% during the 3rd quarter. Stapp Wealth Management Pllc now owns 75,424 shares of the company’s stock valued at $1,835,000 after acquiring an additional 6,959 shares during the period. Jane Street Group LLC boosted its stake in shares of Virtus Newfleet ABS/MBS ETF by 33.8% during the 2nd quarter. Jane Street Group LLC now owns 37,625 shares of the company’s stock worth $924,000 after acquiring an additional 9,511 shares in the last quarter. Virtus Fixed Income Advisers LLC acquired a new stake in shares of Virtus Newfleet ABS/MBS ETF in the 2nd quarter worth approximately $32,443,000. Finally, PFG Advisors grew its holdings in shares of Virtus Newfleet ABS/MBS ETF by 5.4% in the 2nd quarter. PFG Advisors now owns 52,555 shares of the company’s stock worth $1,290,000 after acquiring an additional 2,711 shares during the period.

Virtus Newfleet ABS/MBS ETF Price Performance

Virtus Newfleet ABS/MBS ETF stock traded down $0.03 during midday trading on Monday, reaching $24.22. The company’s stock had a trading volume of 22,113 shares, compared to its average volume of 17,919. Virtus Newfleet ABS/MBS ETF has a fifty-two week low of $24.10 and a fifty-two week high of $24.69. The stock’s 50 day simple moving average is $24.32 and its 200 day simple moving average is $24.42.

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.