VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Short Interest Update

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 5,800 shares, an increase of 75.8% from the August 31st total of 3,300 shares. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is currently 0.6 days.

VictoryShares US Multi-Factor Minimum Volatility ETF Trading Up 0.4 %

Shares of VSMV stock opened at $48.22 on Friday. The company has a market cap of $139.85 million, a PE ratio of 18.68 and a beta of 0.79. The company’s fifty day simple moving average is $47.25 and its 200-day simple moving average is $45.62. VictoryShares US Multi-Factor Minimum Volatility ETF has a 52 week low of $38.44 and a 52 week high of $48.29.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, September 11th were given a $0.0943 dividend. The ex-dividend date was Wednesday, September 11th. This is a positive change from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.02. This represents a $1.13 annualized dividend and a yield of 2.35%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Wealth Partners Inc. boosted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 1.2% in the first quarter. Tower Wealth Partners Inc. now owns 396,486 shares of the company’s stock valued at $17,937,000 after purchasing an additional 4,677 shares during the period. Cetera Advisors LLC purchased a new position in VictoryShares US Multi-Factor Minimum Volatility ETF in the 1st quarter valued at about $260,000. Sovereign Financial Group Inc. grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 71.5% during the first quarter. Sovereign Financial Group Inc. now owns 21,820 shares of the company’s stock valued at $987,000 after acquiring an additional 9,099 shares in the last quarter. Finally, Great Valley Advisor Group Inc. increased its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 18.2% during the second quarter. Great Valley Advisor Group Inc. now owns 346,153 shares of the company’s stock worth $15,729,000 after acquiring an additional 53,373 shares during the last quarter.

VictoryShares US Multi-Factor Minimum Volatility ETF Company Profile

The VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks, selected and weighted based on multiple factors. ETF optimization and constraints are used in order to minimize volatility.