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

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 27,387 shares, a drop of 54.3% from the July 15th total of 59,931 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 97,719 shares, the days-to-cover ratio is currently 0.3 days.

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

An institutional investor recently raised its position in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC grew its holdings in shares of Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 32.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,888 shares of the company’s stock after purchasing an additional 22,624 shares during the period. EverSource Wealth Advisors LLC owned 0.50% of Virtus Newfleet Multi-Sector Bond ETF worth $2,090,000 as of its most recent SEC filing.

Virtus Newfleet Multi-Sector Bond ETF Price Performance

Shares of NYSEARCA NFLT traded down $0.02 during trading on Friday, reaching $22.84. The stock had a trading volume of 55,181 shares, compared to its average volume of 87,330. Virtus Newfleet Multi-Sector Bond ETF has a one year low of $22.57 and a one year high of $23.51. The firm’s 50 day moving average price is $22.88 and its two-hundred day moving average price is $22.96.

Virtus Newfleet Multi-Sector Bond ETF Company Profile

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.