Short Interest in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Declines By 43.2%

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 27,297 shares, a decline of 43.2% from the August 15th total of 48,080 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 114,218 shares, the days-to-cover ratio is currently 0.2 days.

Virtus Newfleet Multi-Sector Bond ETF Price Performance

NFLT traded up $0.09 during trading on Thursday, hitting $22.56. 104,652 shares of the company traded hands, compared to its average volume of 90,460. Virtus Newfleet Multi-Sector Bond ETF has a one year low of $22.43 and a one year high of $23.35. The stock’s fifty day moving average is $22.77 and its 200 day moving average is $22.88.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC increased its stake in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 32.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,888 shares of the company’s stock after purchasing an additional 22,624 shares during the quarter. 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 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.