Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) Sees Significant Increase in Short Interest

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 10,276 shares, an increase of 677.3% from the April 30th total of 1,322 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 5,731 shares, the short-interest ratio is presently 1.8 days.

Virtus Newfleet Short Duration High Yield Bond ETF Trading Up 0.2%

VSHY traded up $0.04 during mid-day trading on Friday, hitting $21.73. The stock had a trading volume of 403 shares, compared to its average volume of 2,363. The stock’s fifty day simple moving average is $21.66 and its 200-day simple moving average is $21.79. Virtus Newfleet Short Duration High Yield Bond ETF has a 1-year low of $21.40 and a 1-year high of $22.08.

Institutional Investors Weigh In On Virtus Newfleet Short Duration High Yield Bond ETF

An institutional investor recently raised its position in Virtus Newfleet Short Duration High Yield Bond ETF stock. NewEdge Advisors LLC lifted its stake in shares of Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) by 26.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,881 shares of the company’s stock after acquiring an additional 2,684 shares during the period. NewEdge Advisors LLC owned approximately 0.92% of Virtus Newfleet Short Duration High Yield Bond ETF worth $283,000 at the end of the most recent quarter.

Virtus Newfleet Short Duration High Yield Bond ETF Company Profile

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.