Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Shares Down 0.5% – Time to Sell?

Virtus Private Credit Strategy ETF (NYSEARCA:VPC)’s stock price fell 0.5% on Friday . The company traded as low as $15.46 and last traded at $15.52. 2,549 shares were traded during mid-day trading, a decline of 91% from the average session volume of 28,224 shares. The stock had previously closed at $15.60.

Virtus Private Credit Strategy ETF Stock Performance

The firm has a market capitalization of $32.59 million, a P/E ratio of 8.80 and a beta of 0.61. The business’s fifty day moving average price is $15.55 and its two-hundred day moving average price is $16.99.

Hedge Funds Weigh In On Virtus Private Credit Strategy ETF

An institutional investor recently bought a new position in Virtus Private Credit Strategy ETF stock. Triumph Capital Management acquired a new stake in Virtus Private Credit Strategy ETF (NYSEARCA:VPC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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 SEC filing.

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.