Virtus Newfleet High Yield Bond ETF (BLHY)
Virtus Newfleet High Yield Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Hartford, CT, US. The stock last traded at $20.95, up 0.43% on the session, giving a market capitalisation of $3.2M. Its beta of 0.76 implies it has historically moved less than the broad market.
Under typical market conditions, this fund allocates a minimum of 80% of its net assets, alongside any borrowed funds for investment purposes, into a varied portfolio of high-yield bonds and other debt instruments. While its primary investment focus is on U.S. securities, the fund retains the flexibility to invest in international securities, including those from emerging markets—nations in the nascent stages of their economic development. To manage or enhance its exposure to different fixed income sectors and instruments, the fund may utilize credit default swaps.
Virtus Newfleet High Yield Bond ETF is most often compared with the following Financial Services names: