Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Sees Large Decrease in Short Interest

Virtus Private Credit Strategy ETF (NYSEARCA:VPC) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 18,671 shares, a drop of 48.1% from the September 15th total of 35,989 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,513 shares, the short-interest ratio is currently 1.8 days.

Virtus Private Credit Strategy ETF Trading Down 0.6%

Shares of VPC traded down $0.09 on Wednesday, reaching $14.27. 4,037 shares of the company’s stock were exchanged, compared to its average volume of 18,733. The stock has a market capitalization of $27.11 million, a P/E ratio of 8.80 and a beta of 0.63. Virtus Private Credit Strategy ETF has a 12 month low of $14.27 and a 12 month high of $19.13. The business has a 50 day moving average price of $15.36 and a two-hundred day moving average price of $15.35.

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.