Short Interest in Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) Decreases By 75.5%

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 20,418 shares, a decrease of 75.5% from the May 31st total of 83,467 shares. Based on an average daily volume of 88,971 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

Virtus Seix Senior Loan ETF Price Performance

Shares of NYSEARCA SEIX traded down $0.05 during mid-day trading on Friday, hitting $23.11. 120,696 shares of the company were exchanged, compared to its average volume of 91,484. The stock has a 50 day simple moving average of $23.24 and a 200-day simple moving average of $23.24. Virtus Seix Senior Loan ETF has a 1-year low of $22.91 and a 1-year high of $23.76.

Hedge Funds Weigh In On Virtus Seix Senior Loan ETF

A number of large investors have recently bought and sold shares of SEIX. Destiny Wealth Partners LLC lifted its stake in shares of Virtus Seix Senior Loan ETF by 3,525.5% in the 4th quarter. Destiny Wealth Partners LLC now owns 726,374 shares of the company’s stock worth $16,948,000 after acquiring an additional 706,339 shares during the period. AE Wealth Management LLC increased its stake in shares of Virtus Seix Senior Loan ETF by 15.5% during the fourth quarter. AE Wealth Management LLC now owns 432,940 shares of the company’s stock worth $10,107,000 after acquiring an additional 58,158 shares during the period. Ignite Planners LLC raised its holdings in Virtus Seix Senior Loan ETF by 2.2% during the fourth quarter. Ignite Planners LLC now owns 340,601 shares of the company’s stock worth $7,914,000 after purchasing an additional 7,475 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in Virtus Seix Senior Loan ETF by 3.8% during the first quarter. AdvisorNet Financial Inc now owns 251,060 shares of the company’s stock worth $5,790,000 after purchasing an additional 9,201 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in Virtus Seix Senior Loan ETF by 13.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 249,224 shares of the company’s stock worth $5,818,000 after purchasing an additional 29,517 shares in the last quarter.

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.