Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) Short Interest Up 30.4% in March

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 1,590 shares, a growth of 30.4% from the February 26th total of 1,219 shares. Based on an average daily trading volume, of 577 shares, the short-interest ratio is presently 2.8 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Virtus Newfleet Short Duration High Yield Bond ETF

An institutional investor recently bought a new position in Virtus Newfleet Short Duration High Yield Bond ETF stock. Virtus Fixed Income Advisers LLC purchased a new stake in Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,134,049 shares of the company’s stock, valued at approximately $24,773,000. Virtus Newfleet Short Duration High Yield Bond ETF accounts for about 22.5% of Virtus Fixed Income Advisers LLC’s investment portfolio, making the stock its 3rd biggest holding. Virtus Fixed Income Advisers LLC owned about 80.77% of Virtus Newfleet Short Duration High Yield Bond ETF at the end of the most recent quarter.

Virtus Newfleet Short Duration High Yield Bond ETF Stock Down 0.0%

VSHY stock traded down $0.01 during trading on Friday, reaching $21.40. 266 shares of the stock were exchanged, compared to its average volume of 2,123. The firm’s 50 day moving average is $21.78 and its 200 day moving average is $21.87. Virtus Newfleet Short Duration High Yield Bond ETF has a twelve month low of $20.63 and a twelve month high of $22.08.

Virtus Newfleet Short Duration High Yield Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.1098 per share. This is a positive change from Virtus Newfleet Short Duration High Yield Bond ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Friday, February 20th.

About Virtus Newfleet Short Duration High Yield Bond ETF

The Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in high yield debt securities from US and emerging market issuers, while targeting a portfolio duration of one to three years. VSHY was launched on Dec 5, 2016 and is issued by Virtus Investment Partners.