VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Short Interest Update

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 809 shares, a decline of 72.2% from the June 15th total of 2,906 shares. Based on an average daily trading volume, of 4,377 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. acquired a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 4th quarter worth approximately $64,000. Global Retirement Partners LLC grew its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock valued at $161,000 after buying an additional 226 shares during the last quarter. Valley Financial Group Inc. purchased a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the third quarter worth $206,000. Lindenwold Advisors INC increased its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 29.2% during the third quarter. Lindenwold Advisors INC now owns 6,786 shares of the company’s stock worth $364,000 after buying an additional 1,534 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% in the fourth quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock worth $460,000 after acquiring an additional 2,262 shares during the last quarter.

VictoryShares US Multi-Factor Minimum Volatility ETF Trading Up 0.4%

Shares of NASDAQ VSMV opened at $60.15 on Tuesday. The company’s 50-day moving average price is $59.72 and its 200 day moving average price is $58.14. VictoryShares US Multi-Factor Minimum Volatility ETF has a 52 week low of $48.71 and a 52 week high of $60.91. The stock has a market cap of $156.39 million, a price-to-earnings ratio of 18.64 and a beta of 0.69.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were issued a $0.0591 dividend. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, July 9th.

About VictoryShares US Multi-Factor Minimum Volatility ETF

The VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks, selected and weighted based on multiple factors. ETF optimization and constraints are used in order to minimize volatility. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.