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

Virtus Private Credit Strategy ETF (NYSEARCA:VPC) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 12,130 shares, a drop of 34.7% from the November 30th total of 18,579 shares. Based on an average trading volume of 21,106 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 21,106 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Virtus Private Credit Strategy ETF stock. Triumph Capital Management bought a new position in shares of Virtus Private Credit Strategy ETF (NYSEARCA:VPC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 Stock Performance

NYSEARCA:VPC opened at $17.74 on Friday. The stock has a market capitalization of $48.79 million, a PE ratio of 8.80 and a beta of 0.70. Virtus Private Credit Strategy ETF has a fifty-two week low of $17.51 and a fifty-two week high of $22.90. The company has a fifty day moving average of $18.52 and a two-hundred day moving average of $19.61.

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.