VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) Sees Significant Decrease in Short Interest

VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1,779 shares, a decrease of 42.7% from the May 31st total of 3,104 shares. Based on an average daily volume of 10,892 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

VictoryShares WestEnd Global Equity ETF Stock Down 0.4%

Shares of GLOW traded down $0.13 during mid-day trading on Wednesday, reaching $34.51. 20,797 shares of the company’s stock were exchanged, compared to its average volume of 11,280. VictoryShares WestEnd Global Equity ETF has a 52-week low of $27.98 and a 52-week high of $34.68. The company has a market cap of $54.87 million, a price-to-earnings ratio of -84.17 and a beta of 0.83. The company has a 50-day simple moving average of $33.57 and a two-hundred day simple moving average of $32.08.

VictoryShares WestEnd Global Equity ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 9th were given a dividend of $0.0277 per share. The ex-dividend date of this dividend was Thursday, April 9th. VictoryShares WestEnd Global Equity ETF’s dividend payout ratio (DPR) is presently -92.68%.

Hedge Funds Weigh In On VictoryShares WestEnd Global Equity ETF

A number of institutional investors have recently made changes to their positions in GLOW. Cary Street Partners Financial LLC lifted its position in shares of VictoryShares WestEnd Global Equity ETF by 21.5% in the fourth quarter. Cary Street Partners Financial LLC now owns 8,490 shares of the company’s stock valued at $262,000 after acquiring an additional 1,500 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of VictoryShares WestEnd Global Equity ETF by 5.0% during the first quarter. Sanctuary Advisors LLC now owns 36,289 shares of the company’s stock worth $1,095,000 after buying an additional 1,737 shares in the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of VictoryShares WestEnd Global Equity ETF by 6.7% during the first quarter. Kestra Private Wealth Services LLC now owns 36,835 shares of the company’s stock worth $1,112,000 after buying an additional 2,299 shares in the last quarter. Royal Bank of Canada raised its position in shares of VictoryShares WestEnd Global Equity ETF by 4,514.5% in the fourth quarter. Royal Bank of Canada now owns 3,184 shares of the company’s stock valued at $98,000 after buying an additional 3,115 shares during the last quarter. Finally, DAVENPORT & Co LLC purchased a new position in shares of VictoryShares WestEnd Global Equity ETF during the fourth quarter valued at approximately $223,000. 1.59% of the stock is owned by institutional investors and hedge funds.

VictoryShares WestEnd Global Equity ETF Company Profile

The VictoryShares WestEnd Global Equity ETF (GLOW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds, seeking long-term capital appreciation through investments in equity ETFs. Selection is based on various macroeconomic indicators and key ETF factors. GLOW was launched on Jun 20, 2024 and is issued by VictoryShares.