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 increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,219 shares, an increase of 35.0% from the February 12th total of 903 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 8,803 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 8,803 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Virtus Newfleet Short Duration High Yield Bond ETF Price Performance

NYSEARCA:VSHY opened at $21.58 on Friday. 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 firm has a 50-day moving average price of $21.85 and a 200 day moving average price of $21.90.

Virtus Newfleet Short Duration High Yield Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a $0.1098 dividend. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 6.1%. This is an increase from Virtus Newfleet Short Duration High Yield Bond ETF’s previous monthly dividend of $0.06.

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

An institutional investor recently raised its position in Virtus Newfleet Short Duration High Yield Bond ETF stock. NewEdge Advisors LLC boosted its stake in Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHYFree Report) by 26.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,881 shares of the company’s stock after buying an additional 2,684 shares during the quarter. NewEdge Advisors LLC owned approximately 0.92% of Virtus Newfleet Short Duration High Yield Bond ETF worth $283,000 at the end of the most recent quarter.

Virtus Newfleet Short Duration High Yield Bond ETF Company Profile

(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.

Recommended Stories

Receive News & Ratings for Virtus Newfleet Short Duration High Yield Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Newfleet Short Duration High Yield Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.