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

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 54,972 shares, a growth of 179.1% from the May 14th total of 19,695 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 96,451 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC boosted its position in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 41.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,424 shares of the company’s stock after acquiring an additional 16,420 shares during the quarter. EverSource Wealth Advisors LLC owned 0.40% of Virtus Newfleet Multi-Sector Bond ETF worth $1,301,000 at the end of the most recent reporting period.

Virtus Newfleet Multi-Sector Bond ETF Stock Performance

NYSEARCA:NFLT traded down $0.15 during mid-day trading on Friday, reaching $22.99. The stock had a trading volume of 113,203 shares, compared to its average volume of 92,161. The stock has a 50-day simple moving average of $22.96 and a two-hundred day simple moving average of $23.03. Virtus Newfleet Multi-Sector Bond ETF has a 12 month low of $22.52 and a 12 month high of $23.51.

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.