Virtus SEIX AAA Private Credit CLO ETF (NYSEARCA:PCLO) Sees Large Decrease in Short Interest

Virtus SEIX AAA Private Credit CLO ETF (NYSEARCA:PCLO) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 190 shares, a drop of 88.5% from the April 15th total of 1,658 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,844 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Virtus SEIX AAA Private Credit CLO ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of Virtus SEIX AAA Private Credit CLO ETF by 20.3% in the first quarter. Royal Bank of Canada now owns 35,578 shares of the company’s stock worth $887,000 after buying an additional 6,008 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Virtus SEIX AAA Private Credit CLO ETF by 40.6% in the second quarter. EverSource Wealth Advisors LLC now owns 4,243 shares of the company’s stock worth $106,000 after buying an additional 1,226 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Virtus SEIX AAA Private Credit CLO ETF in the first quarter worth about $1,060,000. Goldman Sachs Group Inc. purchased a new stake in shares of Virtus SEIX AAA Private Credit CLO ETF in the first quarter worth about $630,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Virtus SEIX AAA Private Credit CLO ETF in the third quarter worth about $364,000.

Virtus SEIX AAA Private Credit CLO ETF Price Performance

NYSEARCA:PCLO traded up $0.01 on Tuesday, reaching $24.97. 22 shares of the company’s stock were exchanged, compared to its average volume of 2,095. The firm has a market cap of $18.73 million, a price-to-earnings ratio of -0.08 and a beta of 0.04. Virtus SEIX AAA Private Credit CLO ETF has a 52 week low of $24.86 and a 52 week high of $25.06. The stock has a fifty day simple moving average of $24.94 and a 200-day simple moving average of $24.97.

About Virtus SEIX AAA Private Credit CLO ETF

The Virtus Seix AAA Private Credit CLO ETF (PCLO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, seeking capital preservation and current income. The fund invests debt instruments that are backed by a pool of loans to private middle market companies PCLO was launched on Dec 2, 2024 and is issued by Virtus Investment Partners.