Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Shares Down 0.6% – Here’s Why

Virtus Private Credit Strategy ETF (NYSEARCA:VPC) dropped 0.6% on Wednesday . The company traded as low as $14.71 and last traded at $14.75. Approximately 1,651 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 22,379 shares. The stock had previously closed at $14.84.

Virtus Private Credit Strategy ETF Stock Down 0.6%

The firm has a market cap of $30.24 million, a price-to-earnings ratio of 8.80 and a beta of 0.60. The business has a 50 day moving average of $15.13 and a 200 day moving average of $15.87.

Institutional Investors Weigh In On Virtus Private Credit Strategy ETF

An institutional investor recently bought a new stake in Virtus Private Credit Strategy ETF stock. Triumph Capital Management bought a new position in shares of Virtus Private Credit Strategy ETF (NYSEARCA:VPC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 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.