Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) Short Interest Up 157.5% in January

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 39,215 shares, a growth of 157.5% from the December 31st total of 15,231 shares. Based on an average daily trading volume, of 103,164 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 103,164 shares, the days-to-cover ratio is currently 0.4 days.

Virtus Seix Senior Loan ETF Stock Down 0.1%

Shares of NYSEARCA:SEIX traded down $0.03 during mid-day trading on Friday, hitting $23.24. The stock had a trading volume of 236,020 shares, compared to its average volume of 127,391. Virtus Seix Senior Loan ETF has a 12-month low of $22.97 and a 12-month high of $24.03. The company’s 50 day moving average is $23.39 and its 200-day moving average is $23.51.

Virtus Seix Senior Loan ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Tuesday, January 20th were paid a dividend of $0.074 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, January 20th.

Institutional Investors Weigh In On Virtus Seix Senior Loan ETF

Several large investors have recently made changes to their positions in SEIX. Richardson Capital Management LLC acquired a new position in Virtus Seix Senior Loan ETF in the third quarter valued at about $30,000. Geneos Wealth Management Inc. acquired a new stake in Virtus Seix Senior Loan ETF during the 3rd quarter valued at $52,000. Tower Research Capital LLC TRC bought a new position in Virtus Seix Senior Loan ETF in the 2nd quarter valued at $159,000. Elevated Capital Advisors LLC acquired a new position in Virtus Seix Senior Loan ETF in the fourth quarter worth $180,000. Finally, Silver Oak Securities Incorporated acquired a new position in Virtus Seix Senior Loan ETF in the third quarter worth $211,000.

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.