Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) Short Interest Update

Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 27,387 shares, a decline of 54.3% from the July 15th total of 59,931 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 97,719 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Virtus Newfleet Multi-Sector Bond ETF stock. EverSource Wealth Advisors LLC grew its position in Virtus Newfleet Multi-Sector Bond ETF (NYSEARCA:NFLT) by 32.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,888 shares of the company’s stock after acquiring an additional 22,624 shares during the quarter. EverSource Wealth Advisors LLC owned about 0.50% of Virtus Newfleet Multi-Sector Bond ETF worth $2,090,000 at the end of the most recent reporting period.

Virtus Newfleet Multi-Sector Bond ETF Stock Performance

Shares of NYSEARCA NFLT traded down $0.04 during trading hours on Monday, hitting $22.80. 41,066 shares of the company traded hands, compared to its average volume of 87,027. The company’s 50 day moving average price is $22.88 and its 200 day moving average price 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.

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.