Short Interest in Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Grows By 89.3%

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 35,625 shares, an increase of 89.3% from the May 31st total of 18,818 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 124,198 shares, the short-interest ratio is presently 0.3 days.

Virtus Newfleet ABS/MBS ETF Trading Down 0.0%

NYSEARCA:VABS traded down $0.01 during trading hours on Wednesday, reaching $24.16. 1,687 shares of the company were exchanged, compared to its average volume of 14,599. The business has a 50 day moving average of $24.18 and a 200 day moving average of $24.25. Virtus Newfleet ABS/MBS ETF has a 1-year low of $24.09 and a 1-year high of $24.69.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. &PARTNERS increased its position in shares of Virtus Newfleet ABS/MBS ETF by 23.9% in the fourth quarter. &PARTNERS now owns 23,825 shares of the company’s stock worth $578,000 after purchasing an additional 4,592 shares during the period. Envestnet Asset Management Inc. bought a new stake in Virtus Newfleet ABS/MBS ETF during the third quarter worth about $608,000. Jane Street Group LLC grew its stake in 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 worth $686,000 after buying an additional 8,799 shares in the last quarter. HighTower Advisors LLC grew its stake in 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 worth $864,000 after buying an additional 503 shares in the last quarter. Finally, PFG Advisors grew its stake in Virtus Newfleet ABS/MBS ETF by 16.1% during the fourth quarter. PFG Advisors now owns 58,747 shares of the company’s stock worth $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.