Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Short Interest Update

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 48,080 shares, an increase of 75.6% from the July 30th total of 27,387 shares. Based on an average daily volume of 64,476 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s stock are sold short.

Virtus Newfleet Multi-Sector Bond ETF Stock Down 0.4%

Shares of NFLT opened at $22.63 on Wednesday. The business’s 50 day moving average is $22.84 and its two-hundred day moving average is $22.93. Virtus Newfleet Multi-Sector Bond ETF has a 52-week low of $22.57 and a 52-week high of $23.35.

Institutional Trading of Virtus Newfleet Multi-Sector Bond ETF

An institutional investor recently raised its stake in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC boosted its stake in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 22.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,264 shares of the company’s stock after acquiring an additional 12,840 shares during the period. EverSource Wealth Advisors LLC owned 0.43% of Virtus Newfleet Multi-Sector Bond ETF worth $1,596,000 at the end of the most recent reporting period.

About Virtus Newfleet Multi-Sector Bond ETF

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.