Short Interest in VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Rises By 86.8%

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 27,275 shares, an increase of 86.8% from the April 15th total of 14,598 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 37,533 shares, the days-to-cover ratio is currently 0.7 days.

VictoryShares WestEnd US Sector ETF Price Performance

Shares of VictoryShares WestEnd US Sector ETF stock traded down $0.58 on Friday, reaching $49.93. The company had a trading volume of 55,879 shares, compared to its average volume of 95,326. The firm has a market cap of $948.17 million, a price-to-earnings ratio of 56.10 and a beta of 0.94. The firm’s 50-day moving average price is $47.02 and its two-hundred day moving average price is $47.25. VictoryShares WestEnd US Sector ETF has a 1 year low of $40.02 and a 1 year high of $50.60.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 8th were issued a $0.0134 dividend. The ex-dividend date was Friday, May 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. VictoryShares WestEnd US Sector ETF’s payout ratio is 38.20%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new position in shares of VictoryShares WestEnd US Sector ETF in the 4th quarter worth approximately $38,000. Allworth Financial LP purchased a new position in VictoryShares WestEnd US Sector ETF during the 3rd quarter valued at $78,000. Capital Analysts LLC purchased a new position in VictoryShares WestEnd US Sector ETF during the 4th quarter valued at $126,000. Northwestern Mutual Wealth Management Co. purchased a new position in VictoryShares WestEnd US Sector ETF during the 3rd quarter valued at $184,000. Finally, Comerica Bank boosted its holdings in VictoryShares WestEnd US Sector ETF by 11.2% during the 3rd quarter. Comerica Bank now owns 4,483 shares of the company’s stock valued at $207,000 after acquiring an additional 452 shares during the period. Hedge funds and other institutional investors own 29.49% of the company’s stock.

VictoryShares WestEnd US Sector ETF Company Profile

M*Modal IP LLC, formerly known as Medquist Holdings, Inc, is a United States-based company, which provides clinical transcription services, clinical documentation workflow solutions, cloud-based Speech Understanding technology, and unstructured data analytics. The Company also offers voice to text solutions to capture the patient story, codifies the doctors narrative to populate EHRs and other healthcare information systems, delivers computer-assisted coding to support ICD-9 and the transition to ICD-10, and provides analytical tools.