Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Get Free Report) was the recipient of a large increase in short interest during the month of 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. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 64,476 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC raised its position in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Free Report) by 22.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,264 shares of the company’s stock after purchasing an additional 12,840 shares during the period. EverSource Wealth Advisors LLC owned about 0.43% of Virtus Newfleet Multi-Sector Bond ETF worth $1,596,000 at the end of the most recent reporting period.
Virtus Newfleet Multi-Sector Bond ETF Stock Performance
Virtus Newfleet Multi-Sector Bond ETF stock traded down $0.04 during mid-day trading on Tuesday, hitting $22.69. 20,935 shares of the company were exchanged, compared to its average volume of 88,651. Virtus Newfleet Multi-Sector Bond ETF has a 12-month low of $22.57 and a 12-month high of $23.35. The business’s 50 day simple moving average is $22.84 and its two-hundred day simple moving average is $22.93.
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.
Further Reading
- Five stocks we like better than Virtus Newfleet Multi-Sector Bond ETF
- Medtronic’s Stars Are Aligning for a Price Recovery
- Analysts See Major Upside for This Top-10 Performing S&P 500 Stock
- Cook Out, Silicon In: Will Ternus Trigger Apple’s Edge AI Boom?
- Qualcomm’s AI Ambitions Run Into a Smartphone Reality Check
Receive News & Ratings for Virtus Newfleet Multi-Sector Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtus Newfleet Multi-Sector Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
