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

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 268,094 shares, an increase of 623.7% from the September 15th total of 37,047 shares. Based on an average daily volume of 291,827 shares, the days-to-cover ratio is currently 0.9 days. Approximately 2.1% of the shares of the company are short sold.

Institutional Trading of Virtus Seix Senior Loan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Virtus Seix Senior Loan ETF in the 2nd quarter worth approximately $37,000. Allworth Financial LP increased its stake in shares of Virtus Seix Senior Loan ETF by 22.6% during the second quarter. Allworth Financial LP now owns 5,911 shares of the company’s stock valued at $137,000 after acquiring an additional 1,091 shares during the period. IFP Advisors Inc increased its stake in shares of Virtus Seix Senior Loan ETF by 4,663.1% during the second quarter. IFP Advisors Inc now owns 10,717 shares of the company’s stock valued at $248,000 after acquiring an additional 10,492 shares during the period. Diversify Wealth Management LLC increased its stake in shares of Virtus Seix Senior Loan ETF by 7.0% during the first quarter. Diversify Wealth Management LLC now owns 11,070 shares of the company’s stock valued at $257,000 after acquiring an additional 728 shares during the period. Finally, Tactive Advisors LLC raised its holdings in Virtus Seix Senior Loan ETF by 21.9% during the first quarter. Tactive Advisors LLC now owns 17,943 shares of the company’s stock worth $414,000 after purchasing an additional 3,227 shares in the last quarter.

Virtus Seix Senior Loan ETF Stock Performance

SEIX stock traded up $0.03 during trading on Friday, hitting $23.19. The company had a trading volume of 74,928 shares, compared to its average volume of 103,102. The business has a 50 day moving average of $23.26 and a 200 day moving average of $23.22. Virtus Seix Senior Loan ETF has a fifty-two week low of $22.91 and a fifty-two week high of $23.65.

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.