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

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 2,845 shares, an increase of 359.6% from the July 15th total of 619 shares. Based on an average daily volume of 6,065 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC lifted its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock worth $161,000 after acquiring an additional 226 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 99,816 shares of the company’s stock valued at $4,834,000 after purchasing an additional 503 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 7.1% during the 3rd quarter. Two Sigma Investments LP now owns 12,100 shares of the company’s stock valued at $649,000 after purchasing an additional 800 shares during the last quarter. Raymond James Financial Inc. increased its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 1.6% during the 2nd quarter. Raymond James Financial Inc. now owns 52,626 shares of the company’s stock worth $2,594,000 after purchasing an additional 822 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in VictoryShares US Multi-Factor Minimum Volatility ETF in the 4th quarter valued at approximately $64,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Down 0.3%

Shares of VSMV stock traded down $0.18 during trading hours on Friday, reaching $61.07. The company’s stock had a trading volume of 1,354 shares, compared to its average volume of 5,793. The firm’s 50 day simple moving average is $59.90 and its 200-day simple moving average is $58.80. The company has a market capitalization of $158.78 million, a price-to-earnings ratio of 18.64 and a beta of 0.69. VictoryShares US Multi-Factor Minimum Volatility ETF has a fifty-two week low of $50.94 and a fifty-two week high of $61.62.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, August 10th. Investors of record on Friday, August 7th were paid a $0.0298 dividend. The ex-dividend date of this dividend was Friday, August 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. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.