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

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 13,349 shares, a drop of 66.5% from the August 15th total of 39,901 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 99,033 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Virtus Seix Senior Loan ETF

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in Virtus Seix Senior Loan ETF by 822.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 161,455 shares of the company’s stock valued at $3,809,000 after purchasing an additional 143,955 shares during the last quarter. Jane Street Group LLC lifted its stake in Virtus Seix Senior Loan ETF by 384.7% in the second quarter. Jane Street Group LLC now owns 130,374 shares of the company’s stock worth $3,072,000 after purchasing an additional 103,474 shares during the last quarter. Triad Wealth Partners LLC lifted its stake in Virtus Seix Senior Loan ETF by 257.6% in the first quarter. Triad Wealth Partners LLC now owns 132,219 shares of the company’s stock worth $3,049,000 after purchasing an additional 95,250 shares during the last quarter. Creative Planning purchased a new position in shares of Virtus Seix Senior Loan ETF during the third quarter valued at approximately $1,399,000. Finally, Resolute Capital LLC purchased a new position in shares of Virtus Seix Senior Loan ETF during the fourth quarter valued at approximately $1,120,000.

Virtus Seix Senior Loan ETF Price Performance

Shares of Virtus Seix Senior Loan ETF stock traded up $0.01 on Friday, reaching $23.35. The company had a trading volume of 39,254 shares, compared to its average volume of 89,350. The firm’s 50-day moving average price is $23.24 and its two-hundred day moving average price is $23.19. Virtus Seix Senior Loan ETF has a 1 year low of $22.91 and a 1 year high of $23.74.

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.