Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Shares Shorted: Short Interest Down 97.4% in October

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 4,992 shares, a drop of 97.4% from the October 15th total of 188,981 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 141,379 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NFLT. Fifth Third Securities Inc. acquired a new stake in shares of Virtus Newfleet Multi-Sector Bond ETF during the third quarter valued at about $4,168,000. EverSource Wealth Advisors LLC raised its stake in shares of Virtus Newfleet Multi-Sector Bond ETF by 32.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 91,888 shares of the company’s stock valued at $2,090,000 after acquiring an additional 22,624 shares during the period. Harbour Investments Inc. purchased a new stake in shares of Virtus Newfleet Multi-Sector Bond ETF in the 3rd quarter valued at approximately $104,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Virtus Newfleet Multi-Sector Bond ETF in the 3rd quarter valued at approximately $33,000.

Virtus Newfleet Multi-Sector Bond ETF Stock Down 0.7%

NFLT traded down $0.15 on Tuesday, hitting $22.27. The company had a trading volume of 64,776 shares, compared to its average volume of 110,716. Virtus Newfleet Multi-Sector Bond ETF has a 1 year low of $21.97 and a 1 year high of $23.34. The company’s fifty day moving average price is $22.33 and its 200 day moving average price is $22.80.

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.