Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Short Interest Down 58.3% in April

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 20,109 shares, a drop of 58.3% from the April 15th total of 48,169 shares. Based on an average trading volume of 52,493 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Virtus Newfleet Multi-Sector Bond ETF Trading Down 0.4%

Virtus Newfleet Multi-Sector Bond ETF stock traded down $0.10 during mid-day trading on Friday, reaching $22.90. The stock had a trading volume of 313,433 shares, compared to its average volume of 90,568. Virtus Newfleet Multi-Sector Bond ETF has a fifty-two week low of $22.19 and a fifty-two week high of $23.51. The stock’s 50-day simple moving average is $22.94 and its 200-day simple moving average is $23.06.

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

An institutional investor recently raised its position in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC raised its position in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Free Report) by 22.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 69,264 shares of the company’s stock after acquiring an additional 12,840 shares during the period. EverSource Wealth Advisors LLC owned approximately 0.43% of Virtus Newfleet Multi-Sector Bond ETF worth $1,596,000 as of its most recent filing with the SEC.

Virtus Newfleet Multi-Sector Bond ETF Company Profile

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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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