Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Shares Up 0.7% – Here’s Why

Shares of Virtus Private Credit Strategy ETF (NYSEARCA:VPC) traded up 0.7% during trading on Wednesday . The company traded as high as $15.85 and last traded at $15.79. Approximately 29,558 shares changed hands during trading, an increase of 37% from the average daily volume of 21,526 shares. The stock had previously closed at $15.68.

Virtus Private Credit Strategy ETF Stock Up 0.7%

The stock’s fifty day simple moving average is $15.08 and its 200-day simple moving average is $15.59. The company has a market capitalization of $32.37 million, a PE ratio of 8.80 and a beta of 0.60.

Hedge Funds 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 acquired a new stake in Virtus Private Credit Strategy ETF (NYSEARCA:VPC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 at the end of the most recent quarter.

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.