Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Trading Down 0.5% – Time to Sell?

Virtus Private Credit Strategy ETF (NYSEARCA:VPC)’s share price fell 0.5% during trading on Tuesday . The company 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 Stock Down 0.3%

The business has a fifty day moving average of $15.47 and a 200 day moving average of $16.19. The firm has a market cap of $30.36 million, a P/E ratio of 8.80 and a beta of 0.60.

Hedge Funds Weigh In On Virtus Private Credit Strategy ETF

A hedge fund recently bought a new stake in Virtus Private Credit Strategy ETF stock. Triumph Capital Management purchased a new stake in Virtus Private Credit Strategy ETF (NYSEARCA:VPC) during the third quarter, according to its most recent filing with the SEC. The firm purchased 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 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.