VPC Stock Summary and Trading Ideas (Virtus Private Credit Strategy ETF | ARCA:VPC)

The Fund strives to deliver an alternative source of yield to traditional fixed income by focusing on the private credit market. The Fund seeks to track the Indxx Private Credit Index, which provides passive exposure to listed instruments that emphasize private credit, including business development companies (BDCs) and closed-end funds (CEFs). As commercial banks have moved away from financing small-to-mid-sized U.S. companies, private lenders have become a burgeoning capital solution, offering exposure to generally below-investment grade or unrated private debt, which carries higher yields and more volatility than traditional corporate bonds.

Virtus Private Credit Strategy ETF trades on the ARCA stock market under the symbol VPC.

As of April 19, 2024, VPC stock price declined to $22.20 with 10,167 million shares trading.

VPC has a market cap of $37.74 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, VPC stock traded as high as $27.26 and as low as $19.26.

VPC has underperformed the market in the last year with a return of +20.2%, while the SPY ETF gained +21.5%. In the last 3 month period, VPC fell short of the market, returning +2.6%, while SPY returned +4.5%. However, in the most recent 2 weeks VPC has outperformed the stock market by returning +0.4%, while SPY returned -3.2%.

VPC support price is $22.07 and resistance is $22.43 (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 VPC stock will trade within this expected range on the day.