Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Shares Down 1.1% – Time to Sell?

Virtus Private Credit Strategy ETF (NYSEARCA:VPC) was down 1.1% during trading on Tuesday . The company traded as low as $18.01 and last traded at $18.10. Approximately 21,383 shares changed hands during trading, a decline of 34% from the average daily volume of 32,449 shares. The stock had previously closed at $18.30.

Virtus Private Credit Strategy ETF Trading Down 1.1%

The company has a fifty day moving average price of $18.34 and a two-hundred day moving average price of $19.30. The firm has a market cap of $43.44 million, a P/E ratio of 8.80 and a beta of 0.70.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Virtus Private Credit Strategy ETF stock. Triumph Capital Management acquired a new position in shares of Virtus Private Credit Strategy ETF (NYSEARCA:VPC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,575 shares of the company’s stock, valued at approximately $49,000. Triumph Capital Management owned approximately 0.09% of Virtus Private Credit Strategy ETF as of its most recent SEC filing.

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.