Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) Stock Short Interest Drops 72.7%

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 73,191 shares, a drop of 72.7% from the September 30th total of 268,094 shares. Based on an average trading volume of 113,862 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new stake in shares of Virtus Seix Senior Loan ETF in the third quarter valued at approximately $27,591,000. International Assets Investment Management LLC boosted its stake in Virtus Seix Senior Loan ETF by 1,550.0% in the 3rd quarter. International Assets Investment Management LLC now owns 165,000 shares of the company’s stock valued at $3,825,000 after purchasing an additional 155,000 shares during the period. Blue Jean Financial LLC bought a new position in Virtus Seix Senior Loan ETF during the 3rd quarter worth $1,751,000. Cassady Wealth & Retirement Planning LLC boosted its position in shares of Virtus Seix Senior Loan ETF by 75.3% in the first quarter. Cassady Wealth & Retirement Planning LLC now owns 102,698 shares of the company’s stock valued at $2,386,000 after acquiring an additional 44,100 shares during the period. Finally, Independent Financial Group LLC acquired a new stake in Virtus Seix Senior Loan ETF in the 1st quarter worth about $498,000.

Virtus Seix Senior Loan ETF Trading Down 0.0%

Shares of NYSEARCA:SEIX traded down $0.01 during trading on Friday, hitting $23.00. 52,380 shares of the company’s stock traded hands, compared to its average volume of 103,083. The company has a 50-day moving average price of $23.20 and a 200-day moving average price of $23.20. Virtus Seix Senior Loan ETF has a 52 week low of $22.91 and a 52 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.