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Virtus Introduces Virtus Seix AAA Private Credit CLO ETF
Business Wire (Tue, 3-Dec 9:00 AM ET)
The Fund invests, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in private credit collateralized loan obligations ("Private Credit CLOs") that, at the time of acquisition, are either rated AAA by at least one nationally recognized statistical rating organization ("NRSRO"), such as S&P Global Ratings ("S&P"), Fitch Ratings, Inc. ("Fitch") or Moody's Investors Service, Inc. ("Moody's"), or, if unrated, determined by Seix Investment Advisors, a division of Virtus Fixed Income Advisers, LLC, the Fund's sub-adviser, to be of comparable quality. After purchase, a Private Credit CLO may have its rating reduced below the minimum rating required by the Fund for purchase. In such cases, the Fund will consider whether to continue to hold the Private Credit CLO. The Fund may temporarily deviate from the 80% policy while deploying new capital as the result of cash creation or redemption activity, or during unusual market conditions, or highly unusual markets, such as a downgrade in the rating of one or more securities.
Virtus ETF Trust II Virtus Seix Aaa Private Credit Clo ETF trades on the ARCA stock market under the symbol PCLO.
As of January 3, 2025, PCLO stock price climbed to $25.07 with 5,025 million shares trading.
PCLO has a market cap of $16.29 million. This is considered a Sub-Micro Cap stock.
PCLO support price is $25.03 and resistance is $25.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PCLO shares will trade within this expected range on the day.