Short Interest in Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) Decreases By 94.3%

Virtus Seix Senior Loan ETF (NYSEARCA:SEIX) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 10,210 shares, a decrease of 94.3% from the January 29th total of 177,621 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 114,455 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 114,455 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Virtus Seix Senior Loan ETF

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

Virtus Seix Senior Loan ETF Trading Up 0.2%

Shares of SEIX stock traded up $0.04 during mid-day trading on Wednesday, hitting $23.07. 76,950 shares of the stock were exchanged, compared to its average volume of 117,928. The firm has a fifty day moving average of $23.30 and a 200 day moving average of $23.45. Virtus Seix Senior Loan ETF has a 52-week low of $22.97 and a 52-week high of $23.87.

Virtus Seix Senior Loan ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a $0.1334 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, February 20th. This is a positive change from Virtus Seix Senior Loan ETF’s previous monthly dividend of $0.07.

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.