Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) Stock Short Interest Drops 72.7%

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 73,191 shares, a drop of 72.7% from the September 30th total of 268,094 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 113,862 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Virtus Seix Senior Loan ETF

Several large investors have recently modified their holdings of the business. Sound Income Strategies LLC acquired a new position in shares of Virtus Seix Senior Loan ETF during the third quarter worth $27,591,000. AdvisorNet Financial Inc grew its stake in shares of Virtus Seix Senior Loan ETF by 6.1% in the third quarter. AdvisorNet Financial Inc now owns 318,037 shares of the company’s stock worth $7,359,000 after purchasing an additional 18,310 shares during the last quarter. Illumine Investment Management LLC increased its holdings in Virtus Seix Senior Loan ETF by 2.1% in the first quarter. Illumine Investment Management LLC now owns 165,937 shares of the company’s stock valued at $3,827,000 after purchasing an additional 3,334 shares during the period. International Assets Investment Management LLC increased its holdings in Virtus Seix Senior Loan ETF by 1,550.0% in the third quarter. International Assets Investment Management LLC now owns 165,000 shares of the company’s stock valued at $3,825,000 after purchasing an additional 155,000 shares during the period. Finally, Cetera Investment Advisers raised its position in Virtus Seix Senior Loan ETF by 1.4% during the 1st quarter. Cetera Investment Advisers now owns 153,359 shares of the company’s stock worth $3,537,000 after purchasing an additional 2,180 shares during the last quarter.

Virtus Seix Senior Loan ETF Stock Down 0.0%

NYSEARCA:SEIX traded down $0.01 during mid-day trading on Thursday, hitting $23.01. 416,557 shares of the company’s stock were exchanged, compared to its average volume of 103,327. The company has a 50 day simple moving average of $23.20 and a 200-day simple moving average of $23.20. Virtus Seix Senior Loan ETF has a fifty-two week low of $22.91 and a fifty-two week high of $23.65.

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.