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 during the month of August. As of August 14th, there was short interest totaling 39,901 shares, an increase of 89.5% from the July 30th total of 21,052 shares. Based on an average daily volume of 86,265 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Trading of Virtus Seix Senior Loan ETF

Hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of Virtus Seix Senior Loan ETF by 327.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,251 shares of the company’s stock valued at $29,000 after acquiring an additional 958 shares during the period. Scarborough Advisors LLC raised its position in Virtus Seix Senior Loan ETF by 160.1% in the fourth 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. Tower Research Capital LLC TRC purchased a new stake in shares of Virtus Seix Senior Loan ETF in the 2nd quarter valued at $159,000. Anfield Capital Management LLC lifted its stake in Virtus Seix Senior Loan ETF by 37.5% during the 4th quarter. Anfield Capital Management LLC now owns 7,133 shares of the company’s stock worth $167,000 after acquiring an additional 1,945 shares in the last quarter. Finally, Ausdal Financial Partners Inc. acquired a new position in Virtus Seix Senior Loan ETF during the 4th quarter worth about $256,000.

Virtus Seix Senior Loan ETF Price Performance

Shares of Virtus Seix Senior Loan ETF stock traded up $0.03 during trading hours on Friday, reaching $23.28. 74,218 shares of the company’s stock were exchanged, compared to its average volume of 87,662. Virtus Seix Senior Loan ETF has a 1 year low of $22.91 and a 1 year high of $23.74. The business has a fifty day moving average of $23.20 and a two-hundred day moving average of $23.19.

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.