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

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 268,313 shares, an increase of 609.5% from the April 15th total of 37,819 shares. Based on an average daily trading volume, of 79,606 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.6% of the shares of the company are short sold.

Virtus Seix Senior Loan ETF Price Performance

NYSEARCA:SEIX traded up $0.02 during midday trading on Tuesday, hitting $23.35. The company’s stock had a trading volume of 42,538 shares, compared to its average volume of 94,264. Virtus Seix Senior Loan ETF has a fifty-two week low of $22.91 and a fifty-two week high of $23.76. The firm’s 50 day moving average is $23.13 and its 200-day moving average is $23.28.

Hedge Funds Weigh In On Virtus Seix Senior Loan ETF

Institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its stake in shares of Virtus Seix Senior Loan ETF by 327.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,251 shares of the company’s stock valued at $29,000 after buying an additional 958 shares during the last quarter. Richardson Capital Management LLC purchased a new position in shares of Virtus Seix Senior Loan ETF during the 3rd quarter valued at about $30,000. Geneos Wealth Management Inc. purchased a new position in shares of Virtus Seix Senior Loan ETF during the 3rd quarter valued at about $52,000. Scarborough Advisors LLC lifted its stake in shares of Virtus Seix Senior Loan ETF by 160.1% in the 4th quarter. Scarborough Advisors LLC now owns 5,382 shares of the company’s stock valued at $126,000 after purchasing an additional 3,313 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Virtus Seix Senior Loan ETF in the 2nd quarter valued at $159,000.

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.