Short Interest in Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) Rises By 769.2%

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 21,052 shares, a growth of 769.2% from the July 15th total of 2,422 shares. Based on an average trading volume of 73,527 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Virtus Seix Senior Loan ETF Price Performance

Shares of SEIX traded up $0.01 during midday trading on Thursday, hitting $23.28. The company had a trading volume of 19,852 shares, compared to its average volume of 87,257. The company’s 50 day moving average price is $23.20 and its 200 day moving average price is $23.19. Virtus Seix Senior Loan ETF has a 52 week low of $22.91 and a 52 week high of $23.74.

Hedge Funds Weigh In On Virtus Seix Senior Loan ETF

A number of hedge funds have recently bought and sold shares of the company. Diversify Wealth Management LLC raised its stake in Virtus Seix Senior Loan ETF by 7.0% during the first quarter. Diversify Wealth Management LLC now owns 11,070 shares of the company’s stock worth $257,000 after acquiring an additional 728 shares during the period. Prospera Financial Services Inc boosted its stake in Virtus Seix Senior Loan ETF by 5.9% in the fourth quarter. Prospera Financial Services Inc now owns 14,777 shares of the company’s stock valued at $345,000 after acquiring an additional 829 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Virtus Seix Senior Loan ETF by 327.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,251 shares of the company’s stock valued at $29,000 after purchasing an additional 958 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Virtus Seix Senior Loan ETF by 5.7% during the fourth quarter. MML Investors Services LLC now owns 21,096 shares of the company’s stock valued at $492,000 after purchasing an additional 1,145 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of Virtus Seix Senior Loan ETF by 2.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 55,591 shares of the company’s stock worth $1,311,000 after purchasing an additional 1,350 shares during the period.

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.