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

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 37,047 shares, an increase of 177.5% from the August 31st total of 13,349 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 112,758 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Virtus Seix Senior Loan ETF

Several institutional investors and hedge funds have recently bought and sold shares of SEIX. Integrated Wealth Concepts LLC purchased a new position in Virtus Seix Senior Loan ETF during the 2nd quarter valued at about $37,000. IFP Advisors Inc lifted its holdings in Virtus Seix Senior Loan ETF by 4,663.1% during the 2nd quarter. IFP Advisors Inc now owns 10,717 shares of the company’s stock worth $248,000 after buying an additional 10,492 shares during the last quarter. Allworth Financial LP boosted its holdings in Virtus Seix Senior Loan ETF by 22.6% in the second quarter. Allworth Financial LP now owns 5,911 shares of the company’s stock valued at $137,000 after purchasing an additional 1,091 shares in the last quarter. Ameritas Advisory Services LLC boosted its holdings in shares of Virtus Seix Senior Loan ETF by 76.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 31,237 shares of the company’s stock valued at $723,000 after buying an additional 13,581 shares in the last quarter. Finally, Tactive Advisors LLC grew its holdings in shares of Virtus Seix Senior Loan ETF by 16.0% during the second quarter. Tactive Advisors LLC now owns 20,821 shares of the company’s stock worth $482,000 after purchasing an additional 2,878 shares during the last quarter.

Virtus Seix Senior Loan ETF Stock Performance

Shares of NYSEARCA SEIX traded down $0.03 during midday trading on Monday, hitting $23.20. The stock had a trading volume of 641,932 shares, compared to its average volume of 101,186. Virtus Seix Senior Loan ETF has a 1 year low of $22.91 and a 1 year high of $23.65. The stock has a 50 day simple moving average of $23.26 and a 200-day simple moving average of $23.21.

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.