VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Short Interest Down 44.6% in July

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 8,493 shares, a decline of 44.6% from the July 15th total of 15,327 shares. Based on an average trading volume of 37,118 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of VictoryShares WestEnd US Sector ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new stake in shares of VictoryShares WestEnd US Sector ETF in the 1st quarter worth approximately $215,000. Jane Street Group LLC acquired a new position in shares of VictoryShares WestEnd US Sector ETF during the first quarter valued at approximately $477,000. Raymond James Financial Inc. increased its stake in shares of VictoryShares WestEnd US Sector ETF by 0.3% during the second quarter. Raymond James Financial Inc. now owns 882,830 shares of the company’s stock valued at $38,050,000 after acquiring an additional 2,921 shares during the period. Comerica Bank raised its holdings in VictoryShares WestEnd US Sector ETF by 11.2% during the third quarter. Comerica Bank now owns 4,483 shares of the company’s stock worth $207,000 after purchasing an additional 452 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in VictoryShares WestEnd US Sector ETF during the third quarter worth approximately $184,000. 29.49% of the stock is currently owned by institutional investors.

VictoryShares WestEnd US Sector ETF Price Performance

Shares of MODL traded down $0.20 during trading hours on Monday, reaching $52.82. 43,819 shares of the company’s stock traded hands, compared to its average volume of 79,068. VictoryShares WestEnd US Sector ETF has a twelve month low of $43.38 and a twelve month high of $53.35. The business’s fifty day simple moving average is $51.19 and its two-hundred day simple moving average is $48.94. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 59.35 and a beta of 0.93.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 10th. Investors of record on Friday, August 7th were given a $0.0137 dividend. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, August 7th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is currently 39.33%.

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.