VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Stock Short Interest Rises 219.3%

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 5,374 shares, a growth of 219.3% from the September 30th total of 1,683 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 4,959 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VSMV. Farther Finance Advisors LLC acquired a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the third quarter valued at $38,000. Integrated Wealth Concepts LLC acquired a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 2nd quarter valued at about $31,000. Citadel Advisors LLC purchased a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 2nd quarter worth about $542,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF during the fourth quarter valued at about $64,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

Shares of VSMV opened at $62.49 on Thursday. The company’s fifty day moving average is $60.89 and its two-hundred day moving average is $59.25. The stock has a market capitalization of $162.48 million, a P/E ratio of 18.64 and a beta of 0.68. VictoryShares US Multi-Factor Minimum Volatility ETF has a 1 year low of $52.93 and a 1 year high of $62.91.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 8th were paid a $0.0740 dividend. This represents a $0.89 annualized dividend and a dividend yield of 1.4%. This is a negative change from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.1040. The ex-dividend date was Thursday, October 8th.

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.