Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Get Free Report) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 33,891 shares, a decrease of 38.3% from the May 31st total of 54,972 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 97,009 shares, the short-interest ratio is presently 0.3 days.
Virtus Newfleet Multi-Sector Bond ETF Trading Up 0.2%
Shares of NYSEARCA:NFLT traded up $0.04 during midday trading on Thursday, hitting $22.96. The company’s stock had a trading volume of 73,769 shares, compared to its average volume of 89,448. The stock’s 50 day simple moving average is $22.95 and its 200 day simple moving average is $23.02. Virtus Newfleet Multi-Sector Bond ETF has a fifty-two week low of $22.57 and a fifty-two week high of $23.51.
Institutional Investors Weigh In On Virtus Newfleet Multi-Sector Bond ETF
A hedge fund recently raised its stake in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC raised its stake in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Free Report) by 22.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,264 shares of the company’s stock after acquiring an additional 12,840 shares during the period. EverSource Wealth Advisors LLC owned about 0.43% of Virtus Newfleet Multi-Sector Bond ETF worth $1,596,000 as of its most recent SEC filing.
Virtus Newfleet Multi-Sector Bond ETF Company Profile
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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