Virtus Private Credit Strategy ETF (NYSEARCA:VPC) Trading 0.7% Higher – Here’s What Happened

Virtus Private Credit Strategy ETF (NYSEARCA:VPC)’s share price traded up 0.7% during trading on Wednesday . The company traded as high as $15.85 and last traded at $15.79. 29,558 shares traded hands during mid-day trading, an increase of 37% from the average daily volume of 21,526 shares. The stock had previously closed at $15.68.

Virtus Private Credit Strategy ETF Stock Performance

The firm has a market capitalization of $32.27 million, a price-to-earnings ratio of 8.80 and a beta of 0.60. The company has a 50 day moving average price of $15.09 and a two-hundred day moving average price of $15.57.

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 acquired a new stake in shares of Virtus Private Credit Strategy ETF (NYSEARCA:VPC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.

Virtus Private Credit Strategy ETF Company Profile

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.