VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) Sees Large Increase in Short Interest

VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 19,027 shares, a growth of 67.3% from the August 15th total of 11,374 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 9,045 shares, the days-to-cover ratio is presently 2.1 days.

VictoryShares Dividend Accelerator ETF Price Performance

VSDA stock opened at $57.34 on Thursday. VictoryShares Dividend Accelerator ETF has a 1 year low of $51.14 and a 1 year high of $61.22. The company has a market cap of $172.61 million, a P/E ratio of 18.24 and a beta of 0.77. The stock’s fifty day moving average price is $59.38 and its 200-day moving average price is $57.06.

VictoryShares Dividend Accelerator ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were issued a $0.1846 dividend. This is a positive change from VictoryShares Dividend Accelerator ETF’s previous monthly dividend of $0.04. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, September 9th.

Institutional Investors Weigh In On VictoryShares Dividend Accelerator ETF

A number of large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of VictoryShares Dividend Accelerator ETF by 144.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 42,906 shares of the company’s stock worth $2,265,000 after purchasing an additional 25,341 shares during the period. Citadel Advisors LLC boosted its holdings in shares of VictoryShares Dividend Accelerator ETF by 16.1% in the second quarter. Citadel Advisors LLC now owns 29,241 shares of the company’s stock worth $1,701,000 after buying an additional 4,047 shares during the last quarter. NewEdge Advisors LLC bought a new stake in VictoryShares Dividend Accelerator ETF during the second quarter valued at approximately $428,000. Rockefeller Capital Management L.P. grew its position in VictoryShares Dividend Accelerator ETF by 159.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,989 shares of the company’s stock valued at $263,000 after buying an additional 3,065 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in VictoryShares Dividend Accelerator ETF during the first quarter valued at approximately $51,000.

VictoryShares Dividend Accelerator ETF Company Profile

The VictoryShares Dividend Accelerator ETF (VSDA) is an exchange-traded fund that is based on the Nasdaq Victory Dividend Accelerator index. The fund tracks an index of dividend-paying US large- and mid-cap stocks with a high likelihood of future dividend growth. VSDA was launched on Apr 18, 2017 and is managed by VictoryShares.