Virtus SEIX AAA Private Credit CLO ETF (NYSEARCA:PCLO) Short Interest Down 59.9% in May

Virtus SEIX AAA Private Credit CLO ETF (NYSEARCA:PCLO) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 187 shares, a drop of 59.9% from the May 14th total of 466 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 845 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of Virtus SEIX AAA Private Credit CLO ETF in the first quarter worth about $1,060,000. Goldman Sachs Group Inc. acquired a new stake in shares of Virtus SEIX AAA Private Credit CLO ETF in the first quarter valued at about $630,000. Royal Bank of Canada raised its holdings in shares of Virtus SEIX AAA Private Credit CLO ETF by 333.0% during the 4th quarter. Royal Bank of Canada now owns 22,885 shares of the company’s stock valued at $571,000 after buying an additional 17,600 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Virtus SEIX AAA Private Credit CLO ETF during the 3rd quarter valued at about $364,000. Finally, EverSource Wealth Advisors LLC lifted its position in Virtus SEIX AAA Private Credit CLO ETF by 74.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 7,397 shares of the company’s stock worth $184,000 after acquiring an additional 3,154 shares in the last quarter.

Virtus SEIX AAA Private Credit CLO ETF Stock Performance

NYSEARCA PCLO opened at $24.95 on Friday. Virtus SEIX AAA Private Credit CLO ETF has a twelve month low of $24.86 and a twelve month high of $25.80. The company has a market capitalization of $18.71 million, a PE ratio of -0.08 and a beta of 0.04. The business’s 50-day moving average price is $24.93 and its 200 day moving average price is $24.96.

About Virtus SEIX AAA Private Credit CLO ETF

The Virtus Seix AAA Private Credit CLO ETF (PCLO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, seeking capital preservation and current income. The fund invests debt instruments that are backed by a pool of loans to private middle market companies PCLO was launched on Dec 2, 2024 and is issued by Virtus Investment Partners.