Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Short Interest Update

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 46,076 shares, an increase of 50.2% from the February 26th total of 30,672 shares. Based on an average daily trading volume, of 1,818 shares, the days-to-cover ratio is currently 25.3 days. Currently, 1.4% of the shares of the stock are sold short.

Virtus Newfleet ABS/MBS ETF Trading Up 0.2%

Virtus Newfleet ABS/MBS ETF stock traded up $0.04 during mid-day trading on Friday, hitting $24.14. The stock had a trading volume of 1,056 shares, compared to its average volume of 5,845. Virtus Newfleet ABS/MBS ETF has a one year low of $24.10 and a one year high of $24.69. The firm’s 50 day moving average is $24.32 and its 200 day moving average is $24.33.

Virtus Newfleet ABS/MBS ETF Increases Dividend

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

Institutional Trading of Virtus Newfleet ABS/MBS ETF

Several institutional investors have recently made changes to their positions in VABS. &PARTNERS raised its stake in Virtus Newfleet ABS/MBS ETF by 23.9% during 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. purchased a new position in Virtus Newfleet ABS/MBS ETF in the 3rd quarter worth approximately $608,000. Jane Street Group LLC boosted its stake in Virtus Newfleet ABS/MBS ETF by 45.6% in the 1st quarter. Jane Street Group LLC now owns 28,114 shares of the company’s stock worth $686,000 after purchasing an additional 8,799 shares during the period. HighTower Advisors LLC boosted its stake in Virtus Newfleet ABS/MBS ETF by 1.4% in the 4th quarter. HighTower Advisors LLC now owns 35,623 shares of the company’s stock worth $864,000 after purchasing an additional 503 shares during the period. Finally, PFG Advisors grew its holdings in Virtus Newfleet ABS/MBS ETF by 16.1% during the 4th quarter. PFG Advisors now owns 58,747 shares of the company’s stock valued at $1,425,000 after buying an additional 8,150 shares in the last quarter.

Virtus Newfleet ABS/MBS ETF Company Profile

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.