Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 27,297 shares, a decline of 43.2% from the August 15th total of 48,080 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 114,218 shares, the days-to-cover ratio is presently 0.2 days.
Hedge Funds Weigh In On Virtus Newfleet Multi-Sector Bond ETF
A hedge fund recently raised its position in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC increased its holdings in shares of Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Free Report) by 32.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,888 shares of the company’s stock after buying an additional 22,624 shares during the quarter. EverSource Wealth Advisors LLC owned 0.50% of Virtus Newfleet Multi-Sector Bond ETF worth $2,090,000 as of its most recent SEC filing.
Virtus Newfleet Multi-Sector Bond ETF Trading Down 0.2%
Shares of NYSEARCA:NFLT opened at $22.52 on Tuesday. The firm’s 50 day simple moving average is $22.78 and its 200 day simple moving average is $22.89. Virtus Newfleet Multi-Sector Bond ETF has a fifty-two week low of $22.47 and a fifty-two week high of $23.35.
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.
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