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

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 13,349 shares, a decrease of 66.5% from the August 15th total of 39,901 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 99,033 shares, the days-to-cover ratio is presently 0.1 days.

Virtus Seix Senior Loan ETF Trading Up 0.0%

Shares of SEIX stock traded up $0.01 on Friday, reaching $23.35. The company’s stock had a trading volume of 39,254 shares, compared to its average volume of 89,350. The stock’s fifty day simple moving average is $23.24 and its 200-day simple moving average is $23.19. Virtus Seix Senior Loan ETF has a 1 year low of $22.91 and a 1 year high of $23.74.

Hedge Funds Weigh In On Virtus Seix Senior Loan ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Ignite Planners LLC increased its holdings in shares of Virtus Seix Senior Loan ETF by 2.2% in the 4th quarter. Ignite Planners LLC now owns 340,601 shares of the company’s stock worth $7,914,000 after buying an additional 7,475 shares during the last quarter. AdvisorNet Financial Inc grew its position in Virtus Seix Senior Loan ETF by 3.8% in the first quarter. AdvisorNet Financial Inc now owns 251,060 shares of the company’s stock worth $5,790,000 after acquiring an additional 9,201 shares in the last quarter. Foundations Investment Advisors LLC grew its position in Virtus Seix Senior Loan ETF by 13.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 249,224 shares of the company’s stock worth $5,818,000 after acquiring an additional 29,517 shares in the last quarter. Atria Investments Inc increased its stake in Virtus Seix Senior Loan ETF by 9.6% during the fourth quarter. Atria Investments Inc now owns 222,318 shares of the company’s stock worth $5,190,000 after acquiring an additional 19,564 shares during the last quarter. Finally, Illumine Investment Management LLC increased its stake in Virtus Seix Senior Loan ETF by 2.1% during the first quarter. Illumine Investment Management LLC now owns 165,937 shares of the company’s stock worth $3,827,000 after acquiring an additional 3,334 shares during the last quarter.

About Virtus Seix Senior Loan ETF

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.