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

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 14,994 shares, a decline of 88.5% from the February 26th total of 130,342 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 111,457 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 111,457 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Virtus Seix Senior Loan ETF Price Performance

Shares of NYSEARCA:SEIX traded up $0.03 on Tuesday, reaching $23.05. 15,684 shares of the company traded hands, compared to its average volume of 105,180. Virtus Seix Senior Loan ETF has a fifty-two week low of $22.91 and a fifty-two week high of $23.76. The company’s 50 day moving average is $23.19 and its 200-day moving average is $23.38.

Virtus Seix Senior Loan ETF Increases Dividend

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

Institutional Trading of Virtus Seix Senior Loan ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtus Fixed Income Advisers LLC acquired a new position in shares of Virtus Seix Senior Loan ETF in the second quarter worth about $26,854,000. Destiny Wealth Partners LLC raised its holdings in shares of Virtus Seix Senior Loan ETF by 3,525.5% during the fourth quarter. Destiny Wealth Partners LLC now owns 726,374 shares of the company’s stock valued at $16,948,000 after acquiring an additional 706,339 shares during the period. AE Wealth Management LLC raised its holdings in shares of Virtus Seix Senior Loan ETF by 15.5% during the fourth quarter. AE Wealth Management LLC now owns 432,940 shares of the company’s stock valued at $10,107,000 after acquiring an additional 58,158 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Virtus Seix Senior Loan ETF by 7.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 393,966 shares of the company’s stock valued at $9,294,000 after acquiring an additional 27,876 shares in the last quarter. Finally, Ignite Planners LLC lifted its position in shares of Virtus Seix Senior Loan ETF by 2.2% in the 4th quarter. Ignite Planners LLC now owns 340,601 shares of the company’s stock valued at $7,914,000 after acquiring an additional 7,475 shares in the last quarter.

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.