Short Interest in Virtus SEIX AAA Private Credit CLO ETF (NYSEARCA:PCLO) Drops By 13.1%

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in shares of Virtus SEIX AAA Private Credit CLO ETF during the 1st quarter worth $1,060,000. Royal Bank of Canada grew its stake in Virtus SEIX AAA Private Credit CLO ETF by 20.3% in the first quarter. Royal Bank of Canada now owns 35,578 shares of the company’s stock valued at $887,000 after purchasing an additional 6,008 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Virtus SEIX AAA Private Credit CLO ETF in the first quarter valued at about $630,000. Citadel Advisors LLC bought a new position in Virtus SEIX AAA Private Credit CLO ETF in the third quarter worth about $364,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Virtus SEIX AAA Private Credit CLO ETF by 74.3% in the third quarter. EverSource Wealth Advisors LLC now owns 7,397 shares of the company’s stock worth $184,000 after purchasing an additional 3,154 shares in the last quarter.

Virtus SEIX AAA Private Credit CLO ETF Stock Up 0.2%

Shares of PCLO stock opened at $24.91 on Thursday. The firm has a market cap of $18.68 million, a price-to-earnings ratio of -0.08 and a beta of -0.18. Virtus SEIX AAA Private Credit CLO ETF has a 52-week low of $24.70 and a 52-week high of $25.06. The company’s 50 day moving average is $24.97 and its 200 day moving average is $24.98.

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.