Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Trading Down 0.6% – Time to Sell?

Virtus Private Credit Strategy ETF (NYSEARCA:VPC)’s stock price dropped 0.6% on Wednesday . The stock traded as low as $14.71 and last traded at $14.75. 1,651 shares were traded during trading, a decline of 93% from the average session volume of 22,379 shares. The stock had previously closed at $14.84.

Virtus Private Credit Strategy ETF Stock Performance

The company’s 50-day moving average is $15.11 and its 200 day moving average is $15.85. The company has a market capitalization of $30.16 million, a PE ratio of 8.80 and a beta of 0.60.

Institutional Trading of Virtus Private Credit Strategy ETF

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

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.