Short Interest in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Declines By 17.4%

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,900 shares, a decrease of 17.4% from the January 31st total of 2,300 shares. Based on an average daily trading volume, of 10,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VSMV. Raymond James Financial Inc. bought a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the fourth quarter worth $2,110,000. Great Valley Advisor Group Inc. grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 4.8% in the fourth quarter. Great Valley Advisor Group Inc. now owns 337,300 shares of the company’s stock worth $16,201,000 after purchasing an additional 15,351 shares in the last quarter. Independent Advisor Alliance bought a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the fourth quarter worth $496,000. Two Sigma Investments LP grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 89.2% in the fourth quarter. Two Sigma Investments LP now owns 19,300 shares of the company’s stock worth $927,000 after purchasing an additional 9,100 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the third quarter worth $324,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

NASDAQ:VSMV opened at $49.01 on Thursday. VictoryShares US Multi-Factor Minimum Volatility ETF has a 1 year low of $42.82 and a 1 year high of $50.71. The stock has a market cap of $112.72 million, a price-to-earnings ratio of 22.96 and a beta of 0.79. The business has a fifty day moving average of $48.91 and a 200-day moving average of $48.77.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, February 7th were paid a $0.0323 dividend. This is a boost from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous dividend of $0.01. The ex-dividend date was Friday, February 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.