VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sees Significant Growth in Short Interest

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 31,478 shares, a growth of 65.8% from the August 31st total of 18,991 shares. Based on an average trading volume of 74,584 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

VictoryShares WestEnd US Sector ETF Price Performance

Shares of MODL stock traded up $0.10 during trading hours on Wednesday, hitting $52.60. 72,562 shares of the company’s stock were exchanged, compared to its average volume of 75,179. VictoryShares WestEnd US Sector ETF has a 52 week low of $43.38 and a 52 week high of $53.43. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 59.10 and a beta of 0.93. The stock’s 50-day moving average is $52.38 and its 200-day moving average is $50.16.

VictoryShares WestEnd US Sector ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were issued a dividend of $0.0475 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $0.57 dividend on an annualized basis and a yield of 1.1%. This is an increase from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0137. VictoryShares WestEnd US Sector ETF’s payout ratio is currently 41.57%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

A number of institutional investors have recently modified their holdings of MODL. Arkadios Wealth Advisors lifted its position in shares of VictoryShares WestEnd US Sector ETF by 5.3% during the first quarter. Arkadios Wealth Advisors now owns 22,611 shares of the company’s stock worth $1,010,000 after purchasing an additional 1,142 shares in the last quarter. Private Advisor Group LLC raised its position in VictoryShares WestEnd US Sector ETF by 10.0% in the 1st quarter. Private Advisor Group LLC now owns 23,890 shares of the company’s stock worth $1,068,000 after purchasing an additional 2,176 shares during the last quarter. Fifth Third Bancorp bought a new position in VictoryShares WestEnd US Sector ETF in the 1st quarter worth approximately $208,000. D.A. Davidson & CO. lifted its holdings in VictoryShares WestEnd US Sector ETF by 5.6% during the 1st quarter. D.A. Davidson & CO. now owns 108,045 shares of the company’s stock worth $4,829,000 after buying an additional 5,716 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in VictoryShares WestEnd US Sector ETF by 86.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,788 shares of the company’s stock worth $703,000 after buying an additional 6,391 shares in the last quarter. 29.49% of the stock is owned by institutional investors.

About VictoryShares WestEnd US Sector ETF

M*Modal IP LLC, formerly known as Medquist Holdings, Inc, is a United States-based company, which provides clinical transcription services, clinical documentation workflow solutions, cloud-based Speech Understanding technology, and unstructured data analytics. The Company also offers voice to text solutions to capture the patient story, codifies the doctors narrative to populate EHRs and other healthcare information systems, delivers computer-assisted coding to support ICD-9 and the transition to ICD-10, and provides analytical tools.