Short Interest in Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) Drops By 50.9%

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 8,452 shares, a decrease of 50.9% from the May 31st total of 17,200 shares. Based on an average daily volume of 3,676 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.6% of the company’s shares are sold short.

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

NYSEARCA VSHY traded up $0.04 during trading on Tuesday, hitting $21.75. The stock had a trading volume of 232 shares, compared to its average volume of 2,363. Virtus Newfleet Short Duration High Yield Bond ETF has a one year low of $21.40 and a one year high of $22.08. The stock has a 50 day simple moving average of $21.73 and a 200 day simple moving average of $21.77.

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

A hedge fund recently bought a new stake in Virtus Newfleet Short Duration High Yield Bond ETF stock. NewEdge Advisors LLC bought a new stake in Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,197 shares of the company’s stock, valued at approximately $223,000. NewEdge Advisors LLC owned about 0.73% of Virtus Newfleet Short Duration High Yield Bond ETF at the end of the most recent reporting period.

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.