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

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 268,313 shares, a growth of 609.5% from the April 15th total of 37,819 shares. Based on an average daily volume of 79,606 shares, the days-to-cover ratio is currently 3.4 days. Currently, 2.6% of the shares of the stock are sold short.

Virtus Seix Senior Loan ETF Stock Up 0.1%

Shares of SEIX traded up $0.02 during trading hours on Tuesday, hitting $23.35. 42,538 shares of the stock were exchanged, compared to its average volume of 94,264. Virtus Seix Senior Loan ETF has a 12-month low of $22.91 and a 12-month high of $23.76. The stock’s 50-day moving average price is $23.13 and its two-hundred day moving average price is $23.28.

Institutional Trading of Virtus Seix Senior Loan ETF

A number of hedge funds have recently bought and sold shares of SEIX. Jane Street Group LLC acquired a new stake in Virtus Seix Senior Loan ETF in the 1st quarter valued at about $635,000. JPMorgan Chase & Co. raised its holdings in Virtus Seix Senior Loan ETF by 337.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 17,500 shares of the company’s stock valued at $412,000 after acquiring an additional 13,500 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Virtus Seix Senior Loan ETF in the 2nd quarter valued at about $159,000. Thrivent Financial for Lutherans acquired a new stake in Virtus Seix Senior Loan ETF in the 2nd quarter valued at about $390,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Virtus Seix Senior Loan ETF during the 3rd quarter worth $52,000.

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.