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

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decline of 80.0% from the September 30th total of 500 shares. Based on an average trading volume of 10,600 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

Several institutional investors have recently made changes to their positions in the company. Cetera Advisors LLC bought a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the first quarter valued at approximately $260,000. Great Valley Advisor Group Inc. lifted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 18.2% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 346,153 shares of the company’s stock valued at $15,729,000 after purchasing an additional 53,373 shares during the last quarter. Finally, Tower Wealth Partners Inc. lifted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 1.2% in the 1st 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 last quarter.

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

NASDAQ VSMV opened at $48.19 on Friday. The company has a market capitalization of $125.29 million, a PE ratio of 18.68 and a beta of 0.79. VictoryShares US Multi-Factor Minimum Volatility ETF has a 1-year low of $38.44 and a 1-year high of $49.20. The firm’s fifty day simple moving average is $48.11 and its 200-day simple moving average is $46.17.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Tuesday, October 8th were given a $0.0482 dividend. This represents a $0.58 annualized dividend and a yield of 1.20%. The ex-dividend date was Tuesday, October 8th.

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.