Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY) Short Interest Down 34.6% in January

by · The Markets Daily

Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY – Get Free Report) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 596 shares, a drop of 34.6% from the December 31st total of 912 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,925 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 1,925 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Virtus Newfleet Short Duration High Yield Bond ETF Stock Performance

VSHY remained flat at $21.90 during mid-day trading on Monday. 1,712 shares of the company’s stock traded hands, compared to its average volume of 1,477. The business’s fifty day simple moving average is $21.88 and its two-hundred day simple moving average is $21.90. Virtus Newfleet Short Duration High Yield Bond ETF has a 12 month low of $20.63 and a 12 month high of $22.08.

Virtus Newfleet Short Duration High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, January 27th. Stockholders of record on Tuesday, January 20th were given a dividend of $0.0611 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 3.3%.

Institutional Trading of Virtus Newfleet Short Duration High Yield Bond ETF

An institutional investor recently bought a new position in Virtus Newfleet Short Duration High Yield Bond ETF stock. Virtus Fixed Income Advisers LLC acquired a new position in shares of Virtus Newfleet Short Duration High Yield Bond ETF (NYSEARCA:VSHY – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,134,049 shares of the company’s stock, valued at approximately $24,773,000. Virtus Newfleet Short Duration High Yield Bond ETF comprises 22.5% of Virtus Fixed Income Advisers LLC’s investment portfolio, making the stock its 3rd largest holding. Virtus Fixed Income Advisers LLC owned 80.77% of Virtus Newfleet Short Duration High Yield Bond ETF at the end of the most recent quarter.

About Virtus Newfleet Short Duration High Yield Bond ETF

(Get Free Report)

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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