Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Stock Short Interest Rises 2,342.5%

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 772,376 shares, a growth of 2,342.5% from the September 15th total of 31,622 shares. Based on an average daily trading volume, of 257,904 shares, the days-to-cover ratio is currently 3.0 days. Currently, 3.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Virtus Newfleet Multi-Sector Bond ETF

An institutional investor recently bought a new position in Virtus Newfleet Multi-Sector Bond ETF stock. Roxbury Financial LLC purchased a new stake in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,507 shares of the company’s stock, valued at approximately $33,000.

Virtus Newfleet Multi-Sector Bond ETF Stock Down 0.1%

Shares of NYSEARCA NFLT traded down $0.03 during trading on Friday, reaching $22.23. 128,826 shares of the stock traded hands, compared to its average volume of 103,598. Virtus Newfleet Multi-Sector Bond ETF has a 52-week low of $21.97 and a 52-week high of $23.35. The company has a 50-day moving average of $22.58 and a 200-day moving average of $22.80.

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.