VPC Volume Surges as Horizon Technology Finance Deal Lifts Focus

Virtus Private Credit Strategy ETF (VPC) has seen unusual trading volume, which is 32× higher than its average daily volume.

Among its key positions, Horizon Technology Finance has drawn attention after providing a delayed draw senior credit facility of up to $25 million to cybersecurity platform provider Stellar Cyber, supporting the borrower’s continued growth. FS KKR Capital is in focus as KBW cut its price target to $11 from $15 while maintaining a Market Perform/Hold stance, and another KBW analyst reiterated a Hold rating with an $11 price target, reflecting cautious sentiment. PennantPark Investment also faces pressure after KBW lowered its price target to $4.50 from $5 and kept a Sell/Underperform rating, even as recent insider buying has been described as positive for the stock.