Short Interest in Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) Rises By 352.9%

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 177,621 shares, an increase of 352.9% from the January 15th total of 39,215 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average trading volume of 151,742 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 151,742 shares, the short-interest ratio is presently 1.2 days. Currently, 1.6% of the shares of the company are sold short.

Virtus Seix Senior Loan ETF Price Performance

NYSEARCA:SEIX traded up $0.04 during mid-day trading on Wednesday, reaching $23.24. The stock had a trading volume of 23,913 shares, compared to its average volume of 126,319. Virtus Seix Senior Loan ETF has a twelve month low of $22.97 and a twelve month high of $24.03. The business has a 50 day simple moving average of $23.36 and a 200 day simple moving average of $23.48.

Virtus Seix Senior Loan ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Stockholders of record on Tuesday, January 20th were issued a $0.074 dividend. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, January 20th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SEIX. Titleist Asset Management LLC boosted its position in shares of Virtus Seix Senior Loan ETF by 5.7% during the 2nd quarter. Titleist Asset Management LLC now owns 10,672 shares of the company’s stock worth $251,000 after purchasing an additional 579 shares in the last quarter. Prospera Financial Services Inc increased its holdings in Virtus Seix Senior Loan ETF by 4.8% during the 3rd quarter. Prospera Financial Services Inc now owns 13,948 shares of the company’s stock valued at $329,000 after acquiring an additional 634 shares in the last quarter. Sheets Smith Wealth Management lifted its holdings in shares of Virtus Seix Senior Loan ETF by 1.2% in the fourth quarter. Sheets Smith Wealth Management now owns 59,092 shares of the company’s stock valued at $1,380,000 after purchasing an additional 674 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its position in shares of Virtus Seix Senior Loan ETF by 2.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 48,997 shares of the company’s stock valued at $1,156,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Richardson Capital Management LLC purchased a new position in shares of Virtus Seix Senior Loan ETF during the 3rd quarter worth approximately $30,000.

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.