Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Sees Large Decrease in Short Interest

Virtus Private Credit Strategy ETF (NYSEARCA:VPC) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 18,671 shares, a decline of 48.1% from the September 15th total of 35,989 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 10,513 shares, the days-to-cover ratio is currently 1.8 days.

Virtus Private Credit Strategy ETF Price Performance

Shares of Virtus Private Credit Strategy ETF stock traded down $0.09 during midday trading on Wednesday, reaching $14.27. The company had a trading volume of 4,037 shares, compared to its average volume of 18,733. Virtus Private Credit Strategy ETF has a fifty-two week low of $14.27 and a fifty-two week high of $19.13. The stock has a fifty day moving average price of $15.36 and a 200 day moving average price of $15.35. The firm has a market cap of $27.11 million, a PE ratio of 8.80 and a beta of 0.63.

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.