Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) Sees Large Decrease in Short Interest

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 1,147 shares, a drop of 94.4% from the June 15th total of 20,418 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 84,362 shares, the days-to-cover ratio is currently 0.0 days.

Virtus Seix Senior Loan ETF Trading Down 0.1%

SEIX stock traded down $0.02 during trading on Friday, hitting $23.18. 97,308 shares of the stock traded hands, compared to its average volume of 89,652. Virtus Seix Senior Loan ETF has a one year low of $22.91 and a one year high of $23.76. The company has a 50 day simple moving average of $23.23 and a 200 day simple moving average of $23.21.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Destiny Wealth Partners LLC boosted its holdings in shares of Virtus Seix Senior Loan ETF by 3,525.5% in the 4th quarter. Destiny Wealth Partners LLC now owns 726,374 shares of the company’s stock worth $16,948,000 after acquiring an additional 706,339 shares in the last quarter. AE Wealth Management LLC increased its holdings in Virtus Seix Senior Loan ETF by 15.5% during the 4th quarter. AE Wealth Management LLC now owns 432,940 shares of the company’s stock valued at $10,107,000 after purchasing an additional 58,158 shares in the last quarter. Ignite Planners LLC increased its holdings in Virtus Seix Senior Loan ETF by 2.2% during the 4th quarter. Ignite Planners LLC now owns 340,601 shares of the company’s stock valued at $7,914,000 after purchasing an additional 7,475 shares in the last quarter. AdvisorNet Financial Inc raised its position in Virtus Seix Senior Loan ETF by 3.8% in the 1st quarter. AdvisorNet Financial Inc now owns 251,060 shares of the company’s stock valued at $5,790,000 after purchasing an additional 9,201 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its position in Virtus Seix Senior Loan ETF by 13.4% in the 4th quarter. Foundations Investment Advisors LLC now owns 249,224 shares of the company’s stock valued at $5,818,000 after purchasing an additional 29,517 shares during the last quarter.

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.