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

VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,458 shares, a decrease of 80.7% from the July 30th total of 7,570 shares. Based on an average daily volume of 14,922 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

VictoryShares WestEnd Global Equity ETF Price Performance

Shares of VictoryShares WestEnd Global Equity ETF stock traded up $0.06 on Thursday, reaching $35.46. The company had a trading volume of 4,351 shares, compared to its average volume of 11,161. The firm has a market cap of $65.96 million, a price-to-earnings ratio of -86.49 and a beta of 0.82. The firm’s 50-day moving average price is $34.64 and its two-hundred day moving average price is $33.08. VictoryShares WestEnd Global Equity ETF has a 1 year low of $28.67 and a 1 year high of $35.58.

VictoryShares WestEnd Global Equity ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were paid a dividend of $0.1411 per share. The ex-dividend date of this dividend was Thursday, July 9th. This is a positive change from VictoryShares WestEnd Global Equity ETF’s previous dividend of $0.03. VictoryShares WestEnd Global Equity ETF’s payout ratio is presently -102.44%.

Hedge Funds Weigh In On VictoryShares WestEnd Global Equity ETF

Large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in shares of VictoryShares WestEnd Global Equity ETF during the first quarter valued at approximately $2,343,000. Kestra Private Wealth Services LLC bought a new stake in shares of VictoryShares WestEnd Global Equity ETF during the fourth quarter worth $1,065,000. Royal Bank of Canada boosted its position in VictoryShares WestEnd Global Equity ETF by 222.9% in the 1st quarter. Royal Bank of Canada now owns 10,282 shares of the company’s stock valued at $310,000 after buying an additional 7,098 shares during the period. Jane Street Group LLC bought a new stake in shares of VictoryShares WestEnd Global Equity ETF during the fourth quarter valued at approximately $237,000. Finally, Citadel Advisors LLC purchased a new stake in shares of VictoryShares WestEnd Global Equity ETF in the third quarter valued at approximately $232,000. 1.59% of the stock is owned by hedge funds and other institutional investors.

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.