Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) Sees Large Decline in Short Interest

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 596 shares, a decrease of 34.6% from the December 31st total of 912 shares. Based on an average daily volume of 1,925 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,925 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Virtus Newfleet Short Duration High Yield Bond ETF

A hedge fund recently bought a new stake in Virtus Newfleet Short Duration High Yield Bond ETF stock. Virtus Fixed Income Advisers LLC acquired a new stake in shares of Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,134,049 shares of the company’s stock, valued at approximately $24,773,000. Virtus Newfleet Short Duration High Yield Bond ETF accounts for about 22.5% of Virtus Fixed Income Advisers LLC’s investment portfolio, making the stock its 3rd largest holding. Virtus Fixed Income Advisers LLC owned about 80.77% of Virtus Newfleet Short Duration High Yield Bond ETF at the end of the most recent reporting period.

Virtus Newfleet Short Duration High Yield Bond ETF Price Performance

NYSEARCA VSHY traded up $0.04 on Friday, hitting $21.90. 16 shares of the stock traded hands, compared to its average volume of 1,461. Virtus Newfleet Short Duration High Yield Bond ETF has a 12 month low of $20.63 and a 12 month high of $22.08. The business’s fifty day moving average is $21.88 and its two-hundred day moving average is $21.90.

Virtus Newfleet Short Duration High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Tuesday, January 20th were issued a $0.0611 dividend. The ex-dividend date was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 3.3%.

Virtus Newfleet Short Duration High Yield Bond ETF Company Profile

The Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in high yield debt securities from US and emerging market issuers, while targeting a portfolio duration of one to three years. VSHY was launched on Dec 5, 2016 and is issued by Virtus Investment Partners.