Short Interest in Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Expands By 141.7%

Virtus Private Credit Strategy ETF (NYSEARCA:VPC) was the target of a significant increase in short interest during 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. Currently, 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 35,578 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 35,578 shares, the short-interest ratio is currently 0.8 days. Currently, 1.1% of the shares of the company are sold short.

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 Virtus Private Credit Strategy ETF (NYSEARCA:VPC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Virtus Private Credit Strategy ETF Stock Down 1.7%

Shares of VPC traded down $0.30 during trading hours on Friday, reaching $17.71. 22,850 shares of the company traded hands, compared to its average volume of 26,737. The business has a fifty day moving average price of $18.29 and a 200-day moving average price of $19.17. Virtus Private Credit Strategy ETF has a 12-month low of $17.51 and a 12-month high of $22.90. The stock has a market capitalization of $44.28 million, a P/E ratio of 8.80 and a beta of 0.70.

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.