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

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 10,210 shares, a decline of 94.3% from the January 29th total of 177,621 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 114,455 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 114,455 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Virtus Seix Senior Loan ETF Price Performance

SEIX traded down $0.01 during trading on Thursday, reaching $23.06. 44,952 shares of the company’s stock were exchanged, compared to its average volume of 116,004. The company’s fifty day moving average price is $23.30 and its 200-day moving average price is $23.45. Virtus Seix Senior Loan ETF has a fifty-two week low of $22.97 and a fifty-two week high of $23.87.

Virtus Seix Senior Loan ETF Increases Dividend

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

Institutional Investors Weigh In On Virtus Seix Senior Loan ETF

A number of hedge funds have recently modified their holdings of SEIX. Scarborough Advisors LLC increased its stake in Virtus Seix Senior Loan ETF by 160.1% during the 4th quarter. Scarborough Advisors LLC now owns 5,382 shares of the company’s stock worth $126,000 after purchasing an additional 3,313 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Virtus Seix Senior Loan ETF by 91.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 64,888 shares of the company’s stock valued at $1,515,000 after acquiring an additional 31,029 shares in the last quarter. MML Investors Services LLC boosted its stake in Virtus Seix Senior Loan ETF by 5.7% in the 4th quarter. MML Investors Services LLC now owns 21,096 shares of the company’s stock worth $492,000 after purchasing an additional 1,145 shares during the period. Kestra Advisory Services LLC increased its holdings in Virtus Seix Senior Loan ETF by 9.6% during the 4th quarter. Kestra Advisory Services LLC now owns 29,061 shares of the company’s stock worth $678,000 after purchasing an additional 2,536 shares in the last quarter. Finally, Ausdal Financial Partners Inc. acquired a new stake in shares of Virtus Seix Senior Loan ETF in the 4th quarter valued at about $256,000.

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.