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

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 76,090 shares, a decline of 71.6% from the April 30th total of 268,313 shares. Based on an average daily volume of 77,643 shares, the short-interest ratio is currently 1.0 days. Currently, 0.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Virtus Seix Senior Loan ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Destiny Wealth Partners LLC boosted its position in shares of Virtus Seix Senior Loan ETF by 3,525.5% during the fourth 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 last quarter. AE Wealth Management LLC lifted its stake in Virtus Seix Senior Loan ETF by 15.5% in the 4th quarter. AE Wealth Management LLC now owns 432,940 shares of the company’s stock worth $10,107,000 after purchasing an additional 58,158 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Virtus Seix Senior Loan ETF by 7.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 393,966 shares of the company’s stock worth $9,294,000 after purchasing an additional 27,876 shares in the last quarter. Ignite Planners LLC lifted its stake in Virtus Seix Senior Loan ETF by 2.2% in the 4th 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. Finally, AdvisorNet Financial Inc lifted its stake in Virtus Seix Senior Loan ETF by 3.8% in the 1st 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.

Virtus Seix Senior Loan ETF Price Performance

SEIX opened at $23.23 on Friday. The firm has a 50 day moving average price of $23.18 and a 200-day moving average price of $23.26. Virtus Seix Senior Loan ETF has a twelve month low of $22.91 and a twelve month high of $23.76.

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.