Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) Sees Large Growth in Short Interest

Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 27,700 shares, a growth of 27,600.0% from the October 31st total of 100 shares. Based on an average daily volume of 15,500 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Great Valley Advisor Group Inc. raised its holdings in shares of Victoryshares Dividend Accelerator ETF by 5.8% during the second quarter. Great Valley Advisor Group Inc. now owns 337,735 shares of the company’s stock valued at $16,319,000 after purchasing an additional 18,646 shares during the period. GPS Wealth Strategies Group LLC acquired a new position in Victoryshares Dividend Accelerator ETF during the 2nd quarter worth approximately $26,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Victoryshares Dividend Accelerator ETF by 104.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 42,363 shares of the company’s stock worth $2,047,000 after acquiring an additional 21,692 shares in the last quarter. DDD Partners LLC boosted its holdings in Victoryshares Dividend Accelerator ETF by 3.2% in the second quarter. DDD Partners LLC now owns 87,924 shares of the company’s stock worth $4,248,000 after acquiring an additional 2,751 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Victoryshares Dividend Accelerator ETF by 98.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 118,768 shares of the company’s stock valued at $5,738,000 after acquiring an additional 58,798 shares during the period.

Victoryshares Dividend Accelerator ETF Stock Performance

Shares of VSDA opened at $55.04 on Friday. The firm has a market cap of $272.45 million, a PE ratio of 21.70 and a beta of 0.86. Victoryshares Dividend Accelerator ETF has a 52-week low of $44.81 and a 52-week high of $55.25. The business’s 50 day moving average price is $53.13 and its two-hundred day moving average price is $51.05.

Victoryshares Dividend Accelerator ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 8th. Investors of record on Thursday, November 7th were given a dividend of $0.0307 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.67%.

Victoryshares Dividend Accelerator ETF Company Profile

The VictoryShares Dividend Accelerator ETF (VSDA) is an exchange-traded fund that is based on the Nasdaq Victory Dividend Accelerator index. The fund tracks an index of dividend-paying US large- and mid-cap stocks with a high likelihood of future dividend growth. VSDA was launched on Apr 18, 2017 and is managed by VictoryShares.