Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 20,109 shares, a decline of 58.3% from the April 15th total of 48,169 shares. Based on an average daily volume of 52,493 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Virtus Newfleet Multi-Sector Bond ETF stock. Fifth Third Securities Inc. raised its stake in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Free Report) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,291 shares of the company’s stock after acquiring an additional 17,629 shares during the quarter. Fifth Third Securities Inc. owned approximately 0.95% of Virtus Newfleet Multi-Sector Bond ETF worth $3,371,000 at the end of the most recent reporting period.
Virtus Newfleet Multi-Sector Bond ETF Trading Down 0.4%
Shares of Virtus Newfleet Multi-Sector Bond ETF stock traded down $0.10 on Friday, reaching $22.90. 313,433 shares of the stock were exchanged, compared to its average volume of 90,568. Virtus Newfleet Multi-Sector Bond ETF has a twelve month low of $22.19 and a twelve month high of $23.51. The business has a 50 day moving average price of $22.94 and a two-hundred day moving average price of $23.06.
About Virtus Newfleet Multi-Sector Bond ETF
The Virtus Newfleet Multi-Sector Bond ETF (NFLT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of bonds. The portfolio managers can invest in domestic, international and emerging market bonds, USD- or non-USD denominated, investment grade or high yield and in any sector. NFLT was launched on Aug 11, 2015 and is managed by Virtus.
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