Short Interest in VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) Expands By 259.1%

VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 62,861 shares, a growth of 259.1% from the June 15th total of 17,505 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average trading volume of 17,387 shares, the days-to-cover ratio is presently 3.6 days.

Institutional Trading of VictoryShares Dividend Accelerator ETF

Large investors have recently added to or reduced their stakes in the stock. Investors Research Corp grew its position in shares of VictoryShares Dividend Accelerator ETF by 3.7% during the 4th quarter. Investors Research Corp now owns 294,790 shares of the company’s stock valued at $15,559,000 after acquiring an additional 10,433 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of VictoryShares Dividend Accelerator ETF by 144.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 42,906 shares of the company’s stock worth $2,265,000 after purchasing an additional 25,341 shares during the period. Pinnacle Financial Partners Inc. lifted its stake in VictoryShares Dividend Accelerator ETF by 6.3% in the third quarter. Pinnacle Financial Partners Inc. now owns 529,031 shares of the company’s stock valued at $28,287,000 after purchasing an additional 31,161 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in VictoryShares Dividend Accelerator ETF in the fourth quarter valued at approximately $72,000. Finally, Invariant Investment Management bought a new position in VictoryShares Dividend Accelerator ETF during the fourth quarter valued at $280,000.

VictoryShares Dividend Accelerator ETF Trading Down 0.2%

VSDA stock opened at $58.22 on Tuesday. The stock has a market cap of $241.61 million, a P/E ratio of 18.24 and a beta of 0.78. The stock’s fifty day simple moving average is $56.38 and its two-hundred day simple moving average is $55.92. VictoryShares Dividend Accelerator ETF has a 1-year low of $51.14 and a 1-year high of $59.54.

VictoryShares Dividend Accelerator ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were given a dividend of $0.1791 per share. The ex-dividend date was Thursday, July 9th. This is an increase from VictoryShares Dividend Accelerator ETF’s previous dividend of $0.14.

About VictoryShares Dividend Accelerator ETF

The VictoryShares Dividend Accelerator ETF (VSDA) is an exchange-traded fund that is based on the Nasdaq Victory Dividend Accelerator index. The fund tracks an index of dividend-paying US large- and mid-cap stocks with a high likelihood of future dividend growth. VSDA was launched on Apr 18, 2017 and is managed by VictoryShares.