Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Get Free Report) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 27,387 shares, a drop of 54.3% from the July 15th total of 59,931 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 97,719 shares, the short-interest ratio is presently 0.3 days.
Virtus Newfleet Multi-Sector Bond ETF Stock Performance
Shares of NYSEARCA NFLT traded down $0.02 during trading on Friday, reaching $22.84. 55,181 shares of the company traded hands, compared to its average volume of 87,330. The firm’s fifty day simple moving average is $22.88 and its 200 day simple moving average is $22.96. Virtus Newfleet Multi-Sector Bond ETF has a 12-month low of $22.57 and a 12-month high of $23.51.
Institutional Trading of 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 boosted its stake in shares of Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT – Free Report) by 32.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,888 shares of the company’s stock after acquiring 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 at the end of the most recent reporting period.
About Virtus Newfleet Multi-Sector Bond ETF
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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