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

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

Virtus Seix Senior Loan ETF Stock Up 0.1%

SEIX traded up $0.03 during trading hours on Tuesday, hitting $23.05. The company’s stock had a trading volume of 15,684 shares, compared to its average volume of 105,180. The company has a 50-day simple moving average of $23.19 and a 200 day simple moving average of $23.38. Virtus Seix Senior Loan ETF has a fifty-two week low of $22.91 and a fifty-two week high of $23.76.

Virtus Seix Senior Loan ETF Increases Dividend

The firm 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. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. This is a positive change from Virtus Seix Senior Loan ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, February 20th.

Institutional Investors Weigh In On Virtus Seix Senior Loan ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in Virtus Seix Senior Loan ETF by 327.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,251 shares of the company’s stock valued at $29,000 after buying an additional 958 shares during the period. Richardson Capital Management LLC acquired a new stake in shares of Virtus Seix Senior Loan ETF in the 3rd quarter worth approximately $30,000. Geneos Wealth Management Inc. bought a new position in shares of Virtus Seix Senior Loan ETF in the third quarter valued at approximately $52,000. Scarborough Advisors LLC boosted its holdings in shares of Virtus Seix Senior Loan ETF by 160.1% in the fourth quarter. Scarborough Advisors LLC now owns 5,382 shares of the company’s stock valued at $126,000 after acquiring an additional 3,313 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Virtus Seix Senior Loan ETF during the second quarter valued at approximately $159,000.

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.