Short Interest in Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Increases By 56.3%

Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 23,381 shares, an increase of 56.3% from the December 15th total of 14,961 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 4,281 shares, the days-to-cover ratio is currently 5.5 days. Based on an average daily trading volume, of 4,281 shares, the days-to-cover ratio is currently 5.5 days. Approximately 0.7% of the shares of the company are short sold.

Virtus Newfleet ABS/MBS ETF Price Performance

Virtus Newfleet ABS/MBS ETF stock opened at $24.32 on Friday. The business’s 50-day moving average price is $24.31 and its 200 day moving average price is $24.40. Virtus Newfleet ABS/MBS ETF has a 52 week low of $24.10 and a 52 week high of $24.69.

Hedge Funds Weigh In On Virtus Newfleet ABS/MBS ETF

Several institutional investors have recently made changes to their positions in VABS. Jane Street Group LLC lifted its stake in shares of Virtus Newfleet ABS/MBS ETF by 45.6% in the 1st quarter. Jane Street Group LLC now owns 28,114 shares of the company’s stock valued at $686,000 after purchasing an additional 8,799 shares during the period. Creative Financial Designs Inc. ADV purchased a new position in Virtus Newfleet ABS/MBS ETF in the second quarter valued at $4,799,000. PFG Advisors raised its position in shares of Virtus Newfleet ABS/MBS ETF by 5.4% in the second quarter. PFG Advisors now owns 52,555 shares of the company’s stock worth $1,290,000 after acquiring an additional 2,711 shares during the period. Virtus Fixed Income Advisers LLC acquired a new position in shares of Virtus Newfleet ABS/MBS ETF in the second quarter worth about $32,443,000. Finally, Stapp Wealth Management Pllc boosted its stake in shares of Virtus Newfleet ABS/MBS ETF by 10.2% during the 3rd quarter. Stapp Wealth Management Pllc now owns 75,424 shares of the company’s stock worth $1,835,000 after acquiring an additional 6,959 shares in the last quarter.

About Virtus Newfleet ABS/MBS ETF

The Virtus Newfleet ABS\u002FMBS ETF (VABS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in US asset-backed and mortgage-backed securities guaranteed by both government and non-government entities. VABS was launched on Feb 9, 2021 and is managed by Virtus.