VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Short Interest Update

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,906 shares, an increase of 735.1% from the May 31st total of 348 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 4,301 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

A number of hedge funds have recently made changes to their positions in the business. Great Valley Advisor Group Inc. boosted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 46.6% in the 4th 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 during the period. Tower Wealth Partners Inc. lifted its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 0.4% in the fourth quarter. Tower Wealth Partners Inc. now owns 417,579 shares of the company’s stock worth $23,078,000 after buying an additional 1,703 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 3,665.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 223,455 shares of the company’s stock worth $12,350,000 after purchasing an additional 217,521 shares during the period. Royal Bank of Canada boosted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 0.5% during the first 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 period. Finally, Raymond James Financial Inc. increased its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 1.6% during the second quarter. Raymond James Financial Inc. now owns 52,626 shares of the company’s stock valued at $2,594,000 after buying an additional 822 shares during the period.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

NASDAQ:VSMV opened at $59.19 on Friday. The firm has a market capitalization of $153.89 million, a price-to-earnings ratio of 18.64 and a beta of 0.69. The business has a fifty day moving average price of $59.42 and a 200-day moving average price of $57.79. VictoryShares US Multi-Factor Minimum Volatility ETF has a one year low of $48.71 and a one year high of $60.91.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th were given a dividend of $0.1132 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 9th. This is an increase from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.04.

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.