VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA – Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,187 shares, a decline of 82.7% from the September 30th total of 6,875 shares. Based on an average trading volume of 15,287 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
VictoryShares Dividend Accelerator ETF Stock Up 1.2%
Shares of NASDAQ:VSDA traded up $0.74 during midday trading on Thursday, reaching $60.05. The company’s stock had a trading volume of 186 shares, compared to its average volume of 12,548. The stock has a fifty day moving average of $58.36 and a 200 day moving average of $57.13. VictoryShares Dividend Accelerator ETF has a twelve month low of $51.14 and a twelve month high of $61.22. The firm has a market capitalization of $225.18 million, a PE ratio of 18.24 and a beta of 0.77.
VictoryShares Dividend Accelerator ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were issued a $0.1221 dividend. The ex-dividend date of this dividend was Thursday, October 8th. This is a negative change from VictoryShares Dividend Accelerator ETF’s previous monthly dividend of $0.1846. This represents a $1.46 annualized dividend and a yield of 2.4%.
Hedge Funds Weigh In On VictoryShares Dividend Accelerator ETF
Several institutional investors and hedge funds have recently modified their holdings of VSDA. NewEdge Advisors LLC acquired a new position in VictoryShares Dividend Accelerator ETF in the second quarter valued at approximately $428,000. Citadel Advisors LLC grew its stake in shares of VictoryShares Dividend Accelerator ETF by 16.1% during the 2nd quarter. Citadel Advisors LLC now owns 29,241 shares of the company’s stock worth $1,701,000 after purchasing an additional 4,047 shares during the period. Western Wealth Management LLC acquired a new stake in shares of VictoryShares Dividend Accelerator ETF during the 1st quarter worth approximately $51,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of VictoryShares Dividend Accelerator ETF by 159.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,989 shares of the company’s stock valued at $263,000 after purchasing an additional 3,065 shares in the last quarter.
About VictoryShares Dividend Accelerator ETF
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.
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