Short Interest in Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Expands By 218.9%

Virtus Private Credit Strategy ETF (NYSEARCA:VPC) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 23,015 shares, an increase of 218.9% from the February 12th total of 7,216 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 21,496 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 21,496 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.9% of the shares of the stock are sold short.

Virtus Private Credit Strategy ETF Stock Up 0.4%

NYSEARCA:VPC traded up $0.06 during trading hours on Wednesday, hitting $15.63. 25,980 shares of the company’s stock traded hands, compared to its average volume of 23,837. Virtus Private Credit Strategy ETF has a 52 week low of $15.18 and a 52 week high of $21.91. The business’s fifty day simple moving average is $17.21 and its two-hundred day simple moving average is $18.37. The firm has a market cap of $39.08 million, a P/E ratio of 8.80 and a beta of 0.70.

Institutional Investors Weigh In On Virtus Private Credit Strategy ETF

An institutional investor recently raised its position in Virtus Private Credit Strategy ETF stock. Farther Finance Advisors LLC grew its stake in Virtus Private Credit Strategy ETF (NYSEARCA:VPC) by 36.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,444 shares of the company’s stock after buying an additional 1,178 shares during the period. Farther Finance Advisors LLC owned approximately 0.16% of Virtus Private Credit Strategy ETF worth $84,000 at the end of the most recent reporting period.

Virtus Private Credit Strategy ETF Company Profile

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.