Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) Sees Significant Drop in Short Interest

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 20,418 shares, a decline of 75.5% from the May 31st total of 83,467 shares. Based on an average trading volume of 88,971 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Westwood Wealth Management bought a new stake in Virtus Seix Senior Loan ETF in the fourth quarter worth $1,118,000. JPMorgan Chase & Co. raised its position in shares of Virtus Seix Senior Loan ETF by 822.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 161,455 shares of the company’s stock worth $3,809,000 after purchasing an additional 143,955 shares during the last quarter. Destiny Wealth Partners LLC raised its position in shares of Virtus Seix Senior Loan ETF by 3,525.5% in the 4th quarter. Destiny Wealth Partners LLC now owns 726,374 shares of the company’s stock worth $16,948,000 after purchasing an additional 706,339 shares during the last quarter. AE Wealth Management LLC boosted its stake in Virtus Seix Senior Loan ETF by 15.5% in the 4th quarter. AE Wealth Management LLC now owns 432,940 shares of the company’s stock worth $10,107,000 after purchasing an additional 58,158 shares in the last quarter. Finally, Resolute Capital LLC bought a new position in Virtus Seix Senior Loan ETF in the 4th quarter worth about $1,120,000.

Virtus Seix Senior Loan ETF Stock Performance

Shares of SEIX opened at $23.11 on Friday. Virtus Seix Senior Loan ETF has a fifty-two week low of $22.91 and a fifty-two week high of $23.76. The firm’s 50-day simple moving average is $23.24 and its two-hundred day simple moving average is $23.24.

Virtus Seix Senior Loan ETF Company Profile

The Virtus Seix Senior Loan ETF (SEIX) is an exchange-traded fund that is based on the Credit Suisse Leveraged Loan index. The fund provides actively-managed exposure to noninvestment-grade, floating-rate loans made by banks to US corporations. SEIX was launched on Apr 24, 2019 and is managed by Virtus.