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

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 37,047 shares, a growth of 177.5% from the August 31st total of 13,349 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 112,758 shares, the short-interest ratio is currently 0.3 days.

Several large investors have recently modified their holdings of SEIX. Integrated Wealth Concepts LLC purchased a new position in shares of Virtus Seix Senior Loan ETF during the 2nd quarter worth approximately $37,000. Allworth Financial LP lifted its stake in shares of Virtus Seix Senior Loan ETF by 22.6% in the 2nd quarter. Allworth Financial LP now owns 5,911 shares of the company’s stock valued at $137,000 after purchasing an additional 1,091 shares during the period. IFP Advisors Inc boosted its position in shares of Virtus Seix Senior Loan ETF by 4,663.1% during the second quarter. IFP Advisors Inc now owns 10,717 shares of the company’s stock valued at $248,000 after purchasing an additional 10,492 shares in the last quarter. Diversify Wealth Management LLC boosted its position in shares of Virtus Seix Senior Loan ETF by 7.0% during the first quarter. Diversify Wealth Management LLC now owns 11,070 shares of the company’s stock valued at $257,000 after purchasing an additional 728 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in Virtus Seix Senior Loan ETF by 5.9% in the fourth quarter. Prospera Financial Services Inc now owns 14,777 shares of the company’s stock worth $345,000 after purchasing an additional 829 shares during the period.

Shares of NYSEARCA:SEIX opened at $23.23 on Friday. Virtus Seix Senior Loan ETF has a one year low of $22.91 and a one year high of $23.65. The company’s fifty day moving average price is $23.26 and its 200-day moving average price is $23.21.

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.