Short Interest in Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Drops By 14.1%

Virtus Private Credit Strategy ETF (NYSEARCA:VPC) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 35,301 shares, a decrease of 14.1% from the March 31st total of 41,083 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 17,524 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Investors 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 purchased a new stake in shares of Virtus Private Credit Strategy ETF (NYSEARCA:VPC) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 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 reporting period.

Virtus Private Credit Strategy ETF Stock Up 0.1%

Shares of NYSEARCA VPC traded up $0.01 during trading hours on Friday, hitting $16.23. The company had a trading volume of 849 shares, compared to its average volume of 30,970. The stock has a market capitalization of $34.08 million, a P/E ratio of 8.80 and a beta of 0.61. Virtus Private Credit Strategy ETF has a 1-year low of $14.61 and a 1-year high of $21.23. The firm’s 50 day moving average is $15.55 and its 200-day moving average is $17.26.

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.