Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) Short Interest Down 88.5% in March

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 14,994 shares, a drop of 88.5% from the February 26th total of 130,342 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 111,457 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 111,457 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Virtus Fixed Income Advisers LLC purchased a new position in Virtus Seix Senior Loan ETF in the 2nd quarter worth about $26,854,000. Destiny Wealth Partners LLC boosted its stake in shares of Virtus Seix Senior Loan ETF by 3,525.5% during 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 during the last quarter. AE Wealth Management LLC lifted its position in 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 purchasing an additional 58,158 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Virtus Seix Senior Loan ETF by 7.6% in the third quarter. Envestnet Asset Management Inc. now owns 393,966 shares of the company’s stock worth $9,294,000 after buying an additional 27,876 shares during the period. Finally, Ignite Planners LLC lifted its position in shares of 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 buying an additional 7,475 shares in the last quarter.

Virtus Seix Senior Loan ETF Price Performance

Shares of SEIX stock traded up $0.02 during trading hours on Wednesday, hitting $23.07. 27,097 shares of the company’s stock traded hands, compared to its average volume of 103,799. Virtus Seix Senior Loan ETF has a 12-month low of $22.91 and a 12-month high of $23.76. The stock’s fifty day simple moving average is $23.19 and its two-hundred day simple 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. Stockholders of record on Friday, February 20th were issued a dividend of $0.1334 per share. The ex-dividend date was Friday, February 20th. This is a boost from Virtus Seix Senior Loan ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 6.9%.

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.