Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Short Interest Up 72.3% in March

Virtus Private Credit Strategy ETF (NYSEARCA:VPC) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 39,651 shares, a growth of 72.3% from the February 26th total of 23,015 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average trading volume of 22,969 shares, the short-interest ratio is currently 1.7 days.

Virtus Private Credit Strategy ETF Stock Down 1.7%

Virtus Private Credit Strategy ETF stock traded down $0.25 during mid-day trading on Friday, hitting $14.63. 19,849 shares of the stock were exchanged, compared to its average volume of 24,784. The stock has a market capitalization of $36.58 million, a price-to-earnings ratio of 8.80 and a beta of 0.70. Virtus Private Credit Strategy ETF has a 12 month low of $14.61 and a 12 month high of $21.23. The firm’s fifty day simple moving average is $16.44 and its two-hundred day simple moving average is $17.90.

Institutional Investors Weigh In On Virtus Private Credit Strategy ETF

A hedge fund recently raised its stake in Virtus Private Credit Strategy ETF stock. Farther Finance Advisors LLC increased its stake in Virtus Private Credit Strategy ETF (NYSEARCA:VPC) by 36.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,444 shares of the company’s stock after acquiring an additional 1,178 shares during the quarter. Farther Finance Advisors LLC owned 0.16% of Virtus Private Credit Strategy ETF worth $84,000 at the end of the most recent reporting period.

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.