Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 8,452 shares, a drop of 50.9% from the May 31st total of 17,200 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,676 shares, the days-to-cover ratio is currently 2.3 days.
Virtus Newfleet Short Duration High Yield Bond ETF Price Performance
VSHY stock traded down $0.04 during trading on Thursday, hitting $21.69. The company had a trading volume of 1,998 shares, compared to its average volume of 2,353. The company has a fifty day moving average price of $21.73 and a two-hundred day moving average price of $21.77. Virtus Newfleet Short Duration High Yield Bond ETF has a fifty-two week low of $21.40 and a fifty-two week high of $22.08.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in Virtus Newfleet Short Duration High Yield Bond ETF stock. NewEdge Advisors LLC lifted its position in Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY – Free Report) by 26.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,881 shares of the company’s stock after purchasing an additional 2,684 shares during the quarter. NewEdge Advisors LLC owned 0.92% of Virtus Newfleet Short Duration High Yield Bond ETF worth $283,000 at the end of the most recent reporting period.
Virtus Newfleet Short Duration High Yield Bond ETF Company Profile
The Virtus Newfleet Short Duration High Yield Bond ETF (VSHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in high yield debt securities from US and emerging market issuers, while targeting a portfolio duration of one to three years. VSHY was launched on Dec 5, 2016 and is issued by Virtus Investment Partners.
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