Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Sees Significant Increase in Short Interest

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 54,972 shares, an increase of 179.1% from the May 14th total of 19,695 shares. Based on an average daily trading volume, of 96,451 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Trading of 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 boosted its stake in shares of Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 32.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 91,888 shares of the company’s stock after buying an additional 22,624 shares during the period. EverSource Wealth Advisors LLC owned approximately 0.50% of Virtus Newfleet Multi-Sector Bond ETF worth $2,090,000 at the end of the most recent quarter.

Virtus Newfleet Multi-Sector Bond ETF Stock Down 0.6%

NYSEARCA NFLT traded down $0.15 during trading hours on Friday, reaching $22.99. The company’s stock had a trading volume of 113,203 shares, compared to its average volume of 92,161. The firm’s 50-day moving average price is $22.96 and its 200-day moving average price is $23.03. Virtus Newfleet Multi-Sector Bond ETF has a 1 year low of $22.52 and a 1 year high of $23.51.

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.