Virtus SEIX AAA Private Credit CLO ETF (NYSEARCA:PCLO) Sees Significant Decrease in Short Interest

Virtus SEIX AAA Private Credit CLO ETF (NYSEARCA:PCLO) was the target of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,993 shares, a decline of 13.1% from the February 26th total of 2,294 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 655 shares, the short-interest ratio is currently 3.0 days.

Virtus SEIX AAA Private Credit CLO ETF Stock Performance

Shares of PCLO stock opened at $24.86 on Wednesday. The firm has a market cap of $17.40 million, a P/E ratio of -0.08 and a beta of -0.18. The firm’s 50 day moving average price is $24.97 and its 200-day moving average price is $24.98. Virtus SEIX AAA Private Credit CLO ETF has a one year low of $24.70 and a one year high of $25.06.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Virtus SEIX AAA Private Credit CLO ETF in the second quarter valued at $40,000. EverSource Wealth Advisors LLC lifted its stake in Virtus SEIX AAA Private Credit CLO ETF by 40.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,243 shares of the company’s stock worth $106,000 after acquiring an additional 1,226 shares in the last quarter. Citadel Advisors LLC acquired a new position in Virtus SEIX AAA Private Credit CLO ETF during the 3rd quarter worth about $364,000. Royal Bank of Canada boosted its holdings in 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 acquiring an additional 17,600 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new position in Virtus SEIX AAA Private Credit CLO ETF in the 1st quarter valued at about $630,000.

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.