Virtus Newfleet ABS/MBS ETF (NYSEARCA:VABS) Short Interest Up 56.3% in December
by Amy Steele · The Cerbat GemVirtus Newfleet ABS/MBS ETF (NYSEARCA:VABS – Get Free Report) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 23,381 shares, a growth of 56.3% from the December 15th total of 14,961 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 4,281 shares, the short-interest ratio is currently 5.5 days. Based on an average daily volume of 4,281 shares, the short-interest ratio is currently 5.5 days. Approximately 0.7% of the company’s stock are short sold.
Hedge Funds Weigh In On Virtus Newfleet ABS/MBS ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. PFG Advisors raised its holdings in shares of Virtus Newfleet ABS/MBS ETF by 5.4% during 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 in the last quarter. Stapp Wealth Management Pllc raised 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 purchasing an additional 6,959 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Virtus Newfleet ABS/MBS ETF by 45.6% during the 1st quarter. Jane Street Group LLC now owns 28,114 shares of the company’s stock worth $686,000 after purchasing an additional 8,799 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Virtus Newfleet ABS/MBS ETF during the 3rd quarter valued at about $608,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of Virtus Newfleet ABS/MBS ETF in the 2nd quarter valued at approximately $4,799,000.
Virtus Newfleet ABS/MBS ETF Stock Performance
Shares of VABS stock traded down $0.01 during trading on Friday, hitting $24.32. 573 shares of the company were exchanged, compared to its average volume of 2,543. The business’s 50-day simple moving average is $24.31 and its 200 day simple moving average is $24.40. Virtus Newfleet ABS/MBS ETF has a twelve month low of $24.10 and a twelve month high of $24.69.
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.