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

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 20,418 shares, a decline of 75.5% from the May 31st total of 83,467 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 88,971 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Westwood Wealth Management purchased a new stake in Virtus Seix Senior Loan ETF in the fourth quarter worth $1,118,000. JPMorgan Chase & Co. lifted its position in Virtus Seix Senior Loan ETF by 822.6% during the third quarter. JPMorgan Chase & Co. now owns 161,455 shares of the company’s stock valued at $3,809,000 after buying an additional 143,955 shares during the period. Destiny Wealth Partners LLC boosted its holdings in shares of Virtus Seix Senior Loan ETF by 3,525.5% during the 4th quarter. Destiny Wealth Partners LLC now owns 726,374 shares of the company’s stock valued at $16,948,000 after buying an additional 706,339 shares in the last quarter. Resolute Capital LLC bought a new stake in shares of Virtus Seix Senior Loan ETF during the 4th quarter valued at $1,120,000. Finally, AE Wealth Management LLC boosted its holdings in shares of Virtus Seix Senior Loan ETF by 15.5% during the 4th quarter. AE Wealth Management LLC now owns 432,940 shares of the company’s stock valued at $10,107,000 after buying an additional 58,158 shares in the last quarter.

Virtus Seix Senior Loan ETF Trading Down 0.2%

Shares of NYSEARCA SEIX opened at $23.11 on Friday. Virtus Seix Senior Loan ETF has a 1 year low of $22.91 and a 1 year high of $23.76. The company’s 50-day moving average is $23.24 and its 200 day moving average is $23.24.

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.