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

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 76,090 shares, a drop of 71.6% from the April 30th total of 268,313 shares. Based on an average trading volume of 77,643 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in Virtus Seix Senior Loan ETF in the first quarter worth about $635,000. JPMorgan Chase & Co. increased its position in shares of Virtus Seix Senior Loan ETF by 337.5% during the second quarter. JPMorgan Chase & Co. now owns 17,500 shares of the company’s stock valued at $412,000 after acquiring an additional 13,500 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Virtus Seix Senior Loan ETF during the second quarter valued at approximately $159,000. Thrivent Financial for Lutherans bought a new stake in shares of Virtus Seix Senior Loan ETF during the second quarter valued at approximately $390,000. Finally, AE Wealth Management LLC increased its position in shares of 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 valued at $8,841,000 after acquiring an additional 42,893 shares in the last quarter.

Virtus Seix Senior Loan ETF Price Performance

Shares of NYSEARCA SEIX opened at $23.23 on Friday. Virtus Seix Senior Loan ETF has a 1 year low of $22.91 and a 1 year high of $23.76. The firm has a 50-day moving average of $23.18 and a 200 day moving average of $23.26.

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.