Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Sees Significant Decline in Short Interest

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 4,992 shares, a decrease of 97.4% from the October 15th total of 188,981 shares. Based on an average daily volume of 141,379 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Virtus Newfleet Multi-Sector Bond ETF Trading Up 0.1%

Shares of NFLT traded up $0.02 during trading hours on Wednesday, hitting $22.29. The stock had a trading volume of 25,789 shares, compared to its average volume of 110,324. The company’s fifty day simple moving average is $22.33 and its 200 day simple moving average is $22.80. Virtus Newfleet Multi-Sector Bond ETF has a 12-month low of $21.97 and a 12-month high of $23.34.

Hedge Funds Weigh In On Virtus Newfleet Multi-Sector Bond ETF

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in Virtus Newfleet Multi-Sector Bond ETF by 32.7% in the first quarter. EverSource Wealth Advisors LLC now owns 91,888 shares of the company’s stock valued at $2,090,000 after purchasing an additional 22,624 shares during the period. Fifth Third Securities Inc. purchased a new stake in Virtus Newfleet Multi-Sector Bond ETF during the 3rd quarter worth $4,168,000. Roxbury Financial LLC purchased a new position in Virtus Newfleet Multi-Sector Bond ETF in the 3rd quarter valued at about $33,000. Finally, Harbour Investments Inc. purchased a new position in Virtus Newfleet Multi-Sector Bond ETF in the third quarter valued at about $104,000.

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.