Virtus Private Credit Strategy ETF (NYSEARCA:VPC – Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 27,618 shares, an increase of 141.7% from the December 31st total of 11,428 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily volume of 35,578 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 35,578 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.1% of the company’s shares are sold short.
Virtus Private Credit Strategy ETF Stock Down 1.7%
VPC traded down $0.30 during trading on Friday, reaching $17.71. The company had a trading volume of 22,850 shares, compared to its average volume of 26,737. The business has a 50 day simple moving average of $18.29 and a 200-day simple moving average of $19.17. The stock has a market cap of $44.28 million, a P/E ratio of 8.80 and a beta of 0.70. Virtus Private Credit Strategy ETF has a 52 week low of $17.51 and a 52 week high of $22.90.
Hedge Funds Weigh In On Virtus Private Credit Strategy ETF
An institutional investor recently raised its position in Virtus Private Credit Strategy ETF stock. Farther Finance Advisors LLC lifted its position in shares of Virtus Private Credit Strategy ETF (NYSEARCA:VPC – Free Report) by 36.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,444 shares of the company’s stock after acquiring an additional 1,178 shares during the quarter. Farther Finance Advisors LLC owned 0.16% of Virtus Private Credit Strategy ETF worth $84,000 as of its most recent SEC filing.
About Virtus Private Credit Strategy ETF
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.
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