VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Stock Short Interest Drops 63.8%

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 675 shares, a drop of 63.8% from the August 31st total of 1,867 shares. Based on an average daily trading volume, of 3,894 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

Shares of NASDAQ:VSMV traded down $0.25 during midday trading on Tuesday, reaching $59.64. The company had a trading volume of 469 shares, compared to its average volume of 5,415. The stock has a market capitalization of $155.07 million, a P/E ratio of 18.64 and a beta of 0.69. The stock’s fifty day moving average price is $60.64 and its 200-day moving average price is $59.44. VictoryShares US Multi-Factor Minimum Volatility ETF has a one year low of $52.75 and a one year high of $61.94.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were issued a dividend of $0.1040 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $1.25 annualized dividend and a yield of 2.1%. This is an increase from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.0298.

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

A number of institutional investors have recently modified their holdings of VSMV. Great Valley Advisor Group Inc. grew its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 46.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 864,751 shares of the company’s stock worth $47,792,000 after purchasing an additional 274,980 shares in the last quarter. Citadel Advisors LLC acquired a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF during the second quarter valued at approximately $542,000. Global Retirement Partners LLC raised its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock valued at $161,000 after buying an additional 226 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF during the fourth quarter valued at approximately $64,000. Finally, Integrated Wealth Concepts LLC bought a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the 2nd quarter worth approximately $31,000.

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. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.