Virtus Newfleet Short Duration Core Plus Bond ETF (NYSEARCA:SDCP – Get Free Report) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 5,041 shares, an increase of 22,813.6% from the May 31st total of 22 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 1,344 shares, the days-to-cover ratio is currently 3.8 days.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Virtus Newfleet Short Duration Core Plus Bond ETF during the second quarter worth $490,000. Envestnet Asset Management Inc. acquired a new stake in Virtus Newfleet Short Duration Core Plus Bond ETF in the third quarter worth about $1,250,000. Finally, &PARTNERS increased its position in Virtus Newfleet Short Duration Core Plus Bond ETF by 20.1% in the fourth quarter. &PARTNERS now owns 57,503 shares of the company’s stock worth $1,480,000 after purchasing an additional 9,608 shares during the period.
Virtus Newfleet Short Duration Core Plus Bond ETF Price Performance
Shares of NYSEARCA:SDCP opened at $25.58 on Friday. Virtus Newfleet Short Duration Core Plus Bond ETF has a 12 month low of $25.51 and a 12 month high of $27.06. The company’s 50-day moving average price is $25.61 and its two-hundred day moving average price is $25.70.
Virtus Newfleet Short Duration Core Plus Bond ETF Company Profile
The Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that offers exposure to a diverse range of fixed-income securities from around the world. The portfolio comprises debt securities of varying credit qualities and targets an overall short duration, typically ranging from 1 to 3 years. SDCP was launched on Nov 15, 2023 and is issued by Virtus Investment Partners.
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