Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) Short Interest Down 34.6% in January

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 596 shares, a decrease of 34.6% from the December 31st total of 912 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,925 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 1,925 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Virtus Newfleet Short Duration High Yield Bond ETF

A hedge fund recently bought a new stake in Virtus Newfleet Short Duration High Yield Bond ETF stock. Virtus Fixed Income Advisers LLC acquired a new stake in shares of Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,134,049 shares of the company’s stock, valued at approximately $24,773,000. Virtus Newfleet Short Duration High Yield Bond ETF makes up approximately 22.5% of Virtus Fixed Income Advisers LLC’s holdings, making the stock its 3rd biggest position. Virtus Fixed Income Advisers LLC owned 80.77% of Virtus Newfleet Short Duration High Yield Bond ETF at the end of the most recent quarter.

Virtus Newfleet Short Duration High Yield Bond ETF Trading Up 0.2%

Shares of NYSEARCA:VSHY traded up $0.04 during mid-day trading on Friday, reaching $21.90. The company had a trading volume of 16 shares, compared to its average volume of 1,461. Virtus Newfleet Short Duration High Yield Bond ETF has a one year low of $20.63 and a one year high of $22.08. The company’s 50-day moving average price is $21.88 and its 200-day moving average price is $21.90.

Virtus Newfleet Short Duration High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Tuesday, January 20th were issued a dividend of $0.0611 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 3.3%.

Virtus Newfleet Short Duration High Yield Bond ETF Company Profile

The Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in high yield debt securities from US and emerging market issuers, while targeting a portfolio duration of one to three years. VSHY was launched on Dec 5, 2016 and is issued by Virtus Investment Partners.