Short Interest in Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Declines By 67.6%

Virtus Private Credit Strategy ETF (NYSEARCA:VPC) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 7,216 shares, a drop of 67.6% from the January 29th total of 22,246 shares. Based on an average trading volume of 20,885 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 20,885 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Virtus Private Credit Strategy ETF

A hedge fund recently bought a new stake in Virtus Private Credit Strategy ETF stock. Triumph Capital Management purchased a new stake in Virtus Private Credit Strategy ETF (NYSEARCA:VPC) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,575 shares of the company’s stock, valued at approximately $49,000. Triumph Capital Management owned about 0.09% of Virtus Private Credit Strategy ETF as of its most recent SEC filing.

Virtus Private Credit Strategy ETF Price Performance

Shares of NYSEARCA VPC traded down $0.36 on Friday, hitting $15.73. The company’s stock had a trading volume of 14,678 shares, compared to its average volume of 23,995. The stock has a 50 day moving average of $17.48 and a 200-day moving average of $18.63. The company has a market capitalization of $39.33 million, a price-to-earnings ratio of 8.80 and a beta of 0.70. Virtus Private Credit Strategy ETF has a 12-month low of $15.73 and a 12-month high of $22.73.

Virtus Private Credit Strategy ETF Company Profile

The Virtus Private Credit ETF (VPC) is an exchange-traded fund that is based on the Indxx Private Credit index. The fund tracks an index of closed-end funds focused on the private credit market, including business development companies. The index is weighted by dividend yield. VPC was launched on Feb 7, 2019 and is managed by Virtus.