VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Sees Large Growth in Short Interest

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,845 shares, an increase of 359.6% from the July 15th total of 619 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 6,065 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

Institutional investors have recently modified their holdings of the company. Great Valley Advisor Group Inc. grew its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 46.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 864,751 shares of the company’s stock worth $47,792,000 after purchasing an additional 274,980 shares during the period. Goldman Sachs Group Inc. increased its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 3,665.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 223,455 shares of the company’s stock worth $12,350,000 after purchasing an additional 217,521 shares in the last quarter. Susquehanna International Group LLP lifted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 353.3% in the third quarter. Susquehanna International Group LLP now owns 32,191 shares of the company’s stock valued at $1,727,000 after buying an additional 25,089 shares during the period. Valley Financial Group Inc. bought a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 3rd quarter worth approximately $206,000. Finally, Citadel Advisors LLC boosted its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 8.9% during the 3rd quarter. Citadel Advisors LLC now owns 29,398 shares of the company’s stock worth $1,577,000 after buying an additional 2,410 shares in the last quarter.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

Shares of VSMV stock opened at $60.46 on Wednesday. The business’s 50 day simple moving average is $59.87 and its 200 day simple moving average is $58.74. VictoryShares US Multi-Factor Minimum Volatility ETF has a one year low of $50.33 and a one year high of $61.62. The stock has a market capitalization of $157.20 million, a PE ratio of 18.64 and a beta of 0.69.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were issued a dividend of $0.0298 per share. The ex-dividend date was Friday, August 7th.

VictoryShares US Multi-Factor Minimum Volatility ETF Company Profile

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.