Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) Short Interest Down 42.8% in March

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 909 shares, a decline of 42.8% from the March 15th total of 1,590 shares. Based on an average daily trading volume, of 1,310 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of 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. NewEdge Advisors LLC acquired a new stake in Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,197 shares of the company’s stock, valued at approximately $223,000. NewEdge Advisors LLC owned 0.73% of Virtus Newfleet Short Duration High Yield Bond ETF as of its most recent SEC filing.

Virtus Newfleet Short Duration High Yield Bond ETF Stock Up 0.0%

Virtus Newfleet Short Duration High Yield Bond ETF stock traded up $0.01 during trading hours on Monday, hitting $21.68. 2,018 shares of the stock traded hands, compared to its average volume of 2,010. The firm’s 50 day moving average price is $21.73 and its 200-day moving average price is $21.84. Virtus Newfleet Short Duration High Yield Bond ETF has a 1 year low of $20.69 and a 1 year high of $22.08.

Virtus Newfleet Short Duration High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a dividend of $0.1098 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date was Friday, February 20th. This is a boost from Virtus Newfleet Short Duration High Yield Bond ETF’s previous monthly dividend of $0.06.

About Virtus Newfleet Short Duration High Yield Bond ETF

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.