VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sees Significant Increase in Short Interest

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 88,395 shares, an increase of 91.5% from the June 15th total of 46,158 shares. Based on an average daily trading volume, of 51,987 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.4% of the shares of the company are sold short.

VictoryShares WestEnd US Sector ETF Price Performance

Shares of NASDAQ MODL traded down $0.15 during mid-day trading on Thursday, hitting $51.53. The company had a trading volume of 71,781 shares, compared to its average volume of 86,973. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 57.90 and a beta of 0.93. VictoryShares WestEnd US Sector ETF has a 12 month low of $43.09 and a 12 month high of $51.78. The firm’s 50 day simple moving average is $50.60 and its two-hundred day simple moving average is $48.32.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were paid a dividend of $0.0221 per share. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, July 9th. VictoryShares WestEnd US Sector ETF’s payout ratio is presently 39.33%.

Institutional Investors Weigh In On VictoryShares WestEnd US Sector ETF

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of VictoryShares WestEnd US Sector ETF by 7.8% during the fourth quarter. Victory Capital Management Inc. now owns 5,480,761 shares of the company’s stock valued at $260,446,000 after buying an additional 395,473 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in VictoryShares WestEnd US Sector ETF by 2.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock worth $57,599,000 after buying an additional 24,925 shares in the last quarter. Truist Financial Corp grew its holdings in VictoryShares WestEnd US Sector ETF by 5.7% in the 4th quarter. Truist Financial Corp now owns 1,119,138 shares of the company’s stock worth $53,181,000 after buying an additional 60,079 shares in the last quarter. LPL Financial LLC increased its position in VictoryShares WestEnd US Sector ETF by 33.5% in the 4th quarter. LPL Financial LLC now owns 1,094,146 shares of the company’s stock valued at $51,994,000 after acquiring an additional 274,425 shares during the period. Finally, Raymond James Financial Inc. increased its position in VictoryShares WestEnd US Sector ETF by 12.4% in the 3rd quarter. Raymond James Financial Inc. now owns 992,250 shares of the company’s stock valued at $45,858,000 after acquiring an additional 109,420 shares during the period. Institutional investors and hedge funds own 29.49% of the company’s stock.

About VictoryShares WestEnd US Sector ETF

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.