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

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 39,215 shares, a growth of 157.5% from the December 31st total of 15,231 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 103,164 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 103,164 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

Virtus Seix Senior Loan ETF Stock Down 0.1%

NYSEARCA SEIX traded down $0.03 during trading hours on Friday, reaching $23.24. The company’s stock had a trading volume of 236,020 shares, compared to its average volume of 127,391. The firm has a fifty day simple moving average of $23.39 and a 200-day simple moving average of $23.51. Virtus Seix Senior Loan ETF has a 52 week low of $22.97 and a 52 week high of $24.03.

Virtus Seix Senior Loan ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Tuesday, January 20th were given a $0.074 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Tuesday, January 20th.

Hedge Funds Weigh In On Virtus Seix Senior Loan ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Richardson Capital Management LLC bought a new stake in Virtus Seix Senior Loan ETF during the third quarter worth $30,000. Geneos Wealth Management Inc. purchased a new position in shares of Virtus Seix Senior Loan ETF in the 3rd quarter worth about $52,000. Tower Research Capital LLC TRC purchased a new position in Virtus Seix Senior Loan ETF in the second quarter valued at about $159,000. Elevated Capital Advisors LLC bought a new position in shares of Virtus Seix Senior Loan ETF during the 4th quarter valued at approximately $180,000. Finally, Silver Oak Securities Incorporated purchased a new stake in shares of Virtus Seix Senior Loan ETF during the 3rd quarter worth approximately $211,000.

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.