Short Interest in Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Rises By 19.9%

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 27,343 shares, a growth of 19.9% from the January 29th total of 22,799 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 22,150 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 22,150 shares, the short-interest ratio is presently 1.2 days. Currently, 0.8% of the company’s stock are sold short.

Virtus Newfleet ABS/MBS ETF Stock Performance

Shares of VABS opened at $24.37 on Wednesday. Virtus Newfleet ABS/MBS ETF has a one year low of $24.10 and a one year high of $24.69. The stock has a 50-day moving average of $24.33 and a 200-day moving average of $24.36.

Virtus Newfleet ABS/MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.107 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. This is a boost from Virtus Newfleet ABS/MBS ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Friday, February 20th.

Hedge Funds Weigh In On Virtus Newfleet ABS/MBS ETF

A number of large investors have recently modified their holdings of the company. &PARTNERS grew its position in Virtus Newfleet ABS/MBS ETF by 23.9% in the 4th quarter. &PARTNERS now owns 23,825 shares of the company’s stock valued at $578,000 after purchasing an additional 4,592 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of Virtus Newfleet ABS/MBS ETF in the third quarter valued at $608,000. Jane Street Group LLC grew its holdings in shares of Virtus Newfleet ABS/MBS ETF by 45.6% during the first quarter. Jane Street Group LLC now owns 28,114 shares of the company’s stock valued at $686,000 after buying an additional 8,799 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Virtus Newfleet ABS/MBS ETF by 1.4% during the fourth quarter. HighTower Advisors LLC now owns 35,623 shares of the company’s stock valued at $864,000 after buying an additional 503 shares during the last quarter. Finally, PFG Advisors increased its position in shares of Virtus Newfleet ABS/MBS ETF by 5.4% during the second quarter. PFG Advisors now owns 52,555 shares of the company’s stock worth $1,290,000 after acquiring an additional 2,711 shares in the last quarter.

About Virtus Newfleet ABS/MBS ETF

The Virtus Newfleet ABS\u002FMBS ETF (VABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in US asset-backed and mortgage-backed securities guaranteed by both government and non-government entities. VABS was launched on Feb 9, 2021 and is managed by Virtus.