VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Sees Significant Increase in Short Interest

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 3,900 shares, an increase of 178.6% from the November 15th total of 1,400 shares. Based on an average daily volume of 10,400 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VSMV. Tower Wealth Partners Inc. increased its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 2.3% in the 2nd quarter. Tower Wealth Partners Inc. now owns 405,459 shares of the company’s stock valued at $18,424,000 after purchasing an additional 8,973 shares in the last quarter. Jane Street Group LLC purchased a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF during the third quarter valued at about $324,000. Cetera Advisors LLC purchased a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the first quarter worth about $260,000. Finally, Lindenwold Advisors INC grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 5.2% in the third quarter. Lindenwold Advisors INC now owns 5,548 shares of the company’s stock valued at $270,000 after buying an additional 275 shares in the last quarter.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

Shares of VictoryShares US Multi-Factor Minimum Volatility ETF stock traded down $0.02 during trading hours on Wednesday, hitting $49.76. The company had a trading volume of 56,072 shares, compared to its average volume of 10,049. The company’s 50-day moving average is $49.17 and its two-hundred day moving average is $47.46. The company has a market cap of $134.35 million, a P/E ratio of 18.68 and a beta of 0.79. VictoryShares US Multi-Factor Minimum Volatility ETF has a twelve month low of $41.60 and a twelve month high of $50.71.

VictoryShares US Multi-Factor Minimum Volatility ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, November 7th were given a dividend of $0.0205 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Thursday, November 7th.

About VictoryShares US Multi-Factor Minimum Volatility ETF

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.