Short Interest in Virtus Newfleet Short Duration Core Plus Bond ETF (NYSEARCA:SDCP) Increases By 22,813.6%

Virtus Newfleet Short Duration Core Plus Bond ETF (NYSEARCA:SDCP) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 5,041 shares, an increase of 22,813.6% from the May 31st total of 22 shares. Based on an average daily volume of 1,344 shares, the days-to-cover ratio is currently 3.8 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Virtus Newfleet Short Duration Core Plus Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. &PARTNERS raised its position in shares of Virtus Newfleet Short Duration Core Plus Bond ETF by 20.1% during the fourth quarter. &PARTNERS now owns 57,503 shares of the company’s stock worth $1,480,000 after acquiring an additional 9,608 shares during the last quarter. Jane Street Group LLC bought a new stake in Virtus Newfleet Short Duration Core Plus Bond ETF in the second quarter valued at approximately $490,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Virtus Newfleet Short Duration Core Plus Bond ETF during the 3rd quarter valued at approximately $1,250,000.

Virtus Newfleet Short Duration Core Plus Bond ETF Stock Performance

NYSEARCA SDCP traded up $0.02 on Thursday, reaching $25.57. The company had a trading volume of 2 shares, compared to its average volume of 472. Virtus Newfleet Short Duration Core Plus Bond ETF has a fifty-two week low of $25.51 and a fifty-two week high of $27.06. The business has a 50 day moving average of $25.62 and a two-hundred day moving average of $25.70.

Virtus Newfleet Short Duration Core Plus Bond ETF Company Profile

The Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that offers exposure to a diverse range of fixed-income securities from around the world. The portfolio comprises debt securities of varying credit qualities and targets an overall short duration, typically ranging from 1 to 3 years. SDCP was launched on Nov 15, 2023 and is issued by Virtus Investment Partners.