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

Virtus Private Credit Strategy ETF (NYSEARCA:VPC)’s share price was down 0.5% during mid-day trading on Tuesday . The stock traded as low as $14.91 and last traded at $14.91. Approximately 6,798 shares changed hands during trading, a decline of 72% from the average daily volume of 23,987 shares. The stock had previously closed at $14.98.

Virtus Private Credit Strategy ETF Trading Down 0.5%

The company has a market capitalization of $30.57 million, a P/E ratio of 8.80 and a beta of 0.60. The business has a 50 day moving average price of $15.48 and a 200 day moving average price of $16.21.

Institutional Investors Weigh In On Virtus Private Credit Strategy ETF

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

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.