Short Interest in Virtus LifeSci Biotech Products ETF (NYSEARCA:BBP) Grows By 465.6%

Virtus LifeSci Biotech Products ETF (NYSEARCA:BBP) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 24,355 shares, a growth of 465.6% from the July 15th total of 4,306 shares. Based on an average trading volume of 9,824 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.4% of the company’s shares are short sold.

Virtus LifeSci Biotech Products ETF Price Performance

Shares of Virtus LifeSci Biotech Products ETF stock traded down $0.83 during midday trading on Thursday, reaching $101.09. The company had a trading volume of 7,685 shares, compared to its average volume of 8,265. The stock has a fifty day moving average price of $95.07 and a 200 day moving average price of $87.97. Virtus LifeSci Biotech Products ETF has a fifty-two week low of $66.22 and a fifty-two week high of $105.21.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Virtus LifeSci Biotech Products ETF stock. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Virtus LifeSci Biotech Products ETF (NYSEARCA:BBP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,971 shares of the company’s stock, valued at approximately $557,000. Comprehensive Financial Planning Inc. PA owned 1.27% of Virtus LifeSci Biotech Products ETF as of its most recent SEC filing.

About Virtus LifeSci Biotech Products ETF

The Virtus LifeSci Biotech Products ETF (BBP) is an exchange-traded fund that is based on the LifeSci Biotechnology Products index. The fund tracks an index of US-listed biotechnology companies considered to be in the product stage by the index provider. BBP was launched on Dec 17, 2014 and is managed by Virtus.