Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Stock Price Down 0.1% – Here’s Why

Shares of Virtus Private Credit Strategy ETF (NYSEARCA:VPC) traded down 0.1% during mid-day trading on Friday . The stock traded as low as $18.92 and last traded at $18.97. 38,225 shares traded hands during trading, an increase of 45% from the average session volume of 26,373 shares. The stock had previously closed at $18.98.

Virtus Private Credit Strategy ETF Stock Down 0.1%

The firm has a fifty day moving average price of $18.61 and a 200-day moving average price of $19.84. The firm has a market cap of $52.17 million, a price-to-earnings ratio of 8.80 and a beta of 0.70.

Institutional Trading of Virtus Private Credit Strategy ETF

A hedge fund recently raised its stake in Virtus Private Credit Strategy ETF stock. Farther Finance Advisors LLC boosted its stake in shares of Virtus Private Credit Strategy ETF (NYSEARCA:VPC) by 36.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,444 shares of the company’s stock after purchasing an additional 1,178 shares during the period. Farther Finance Advisors LLC owned about 0.16% of Virtus Private Credit Strategy ETF worth $84,000 at the end of the most recent reporting period.

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.