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

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHYGet Free Report) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 1,106 shares, a growth of 85.6% from the January 15th total of 596 shares. Based on an average trading volume of 1,021 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,021 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of 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. NewEdge Advisors LLC purchased a new position in shares of Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHYFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,197 shares of the company’s stock, valued at approximately $223,000. NewEdge Advisors LLC owned 0.73% of Virtus Newfleet Short Duration High Yield Bond ETF as of its most recent SEC filing.

Virtus Newfleet Short Duration High Yield Bond ETF Trading Up 0.0%

Virtus Newfleet Short Duration High Yield Bond ETF stock traded up $0.01 during midday trading on Friday, reaching $21.92. 164 shares of the company were exchanged, compared to its average volume of 1,189. The firm’s 50-day simple moving average is $21.88 and its 200-day simple moving average is $21.91. Virtus Newfleet Short Duration High Yield Bond ETF has a 1 year low of $20.63 and a 1 year high of $22.08.

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. Investors of record on Tuesday, January 20th were paid a dividend of $0.0611 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 3.3%.

About Virtus Newfleet Short Duration High Yield Bond ETF

(Get Free Report)

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.

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