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

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 130,342 shares, a growth of 1,176.6% from the February 12th total of 10,210 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 91,682 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 91,682 shares, the short-interest ratio is currently 1.4 days. Approximately 1.1% of the shares of the stock are sold short.

Institutional Investors 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. B. Riley Wealth Advisors Inc. purchased a new position in Virtus Seix Senior Loan ETF in the 2nd quarter valued at approximately $552,000. AE Wealth Management LLC raised its holdings in Virtus Seix Senior Loan ETF by 12.9% during the third quarter. AE Wealth Management LLC now owns 374,782 shares of the company’s stock worth $8,841,000 after purchasing an additional 42,893 shares during the last quarter. Ignite Planners LLC boosted its position in Virtus Seix Senior Loan ETF by 7.3% during the second quarter. Ignite Planners LLC now owns 342,937 shares of the company’s stock worth $8,145,000 after purchasing an additional 23,364 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Virtus Seix Senior Loan ETF by 7.6% in the third quarter. Envestnet Asset Management Inc. now owns 393,966 shares of the company’s stock valued at $9,294,000 after purchasing an additional 27,876 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in Virtus Seix Senior Loan ETF by 43.6% in the third quarter. AdvisorNet Financial Inc now owns 199,440 shares of the company’s stock valued at $4,705,000 after purchasing an additional 60,536 shares during the last quarter.

Virtus Seix Senior Loan ETF Stock Performance

Shares of NYSEARCA:SEIX traded down $0.07 on Thursday, reaching $23.11. 30,969 shares of the company were exchanged, compared to its average volume of 116,895. The company has a 50-day moving average of $23.24 and a 200-day moving average of $23.41. Virtus Seix Senior Loan ETF has a 1-year low of $22.91 and a 1-year high of $23.76.

Virtus Seix Senior Loan ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a dividend of $0.1334 per share. This is an increase from Virtus Seix Senior Loan ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Friday, February 20th.

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.