VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Short Interest Down 83.8% in May

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 298 shares, a drop of 83.8% from the April 30th total of 1,839 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 5,389 shares, the short-interest ratio is currently 0.1 days.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

Shares of VictoryShares US Multi-Factor Minimum Volatility ETF stock traded up $0.17 during trading hours on Thursday, hitting $60.32. The company’s stock had a trading volume of 377 shares, compared to its average volume of 6,500. The company has a market cap of $156.83 million, a PE ratio of 18.64 and a beta of 0.69. The business has a 50 day moving average price of $58.23 and a two-hundred day moving average price of $56.97. VictoryShares US Multi-Factor Minimum Volatility ETF has a 12-month low of $48.39 and a 12-month high of $60.74.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 8th were issued a $0.0355 dividend. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 8th.

Hedge Funds Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

Several institutional investors have recently bought and sold shares of the stock. Great Valley Advisor Group Inc. grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 46.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 864,751 shares of the company’s stock worth $47,792,000 after buying an additional 274,980 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 3,665.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 223,455 shares of the company’s stock valued at $12,350,000 after buying an additional 217,521 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 353.3% in the 3rd quarter. Susquehanna International Group LLP now owns 32,191 shares of the company’s stock valued at $1,727,000 after acquiring an additional 25,089 shares during the last quarter. Dakota Wealth Management purchased a new position in VictoryShares US Multi-Factor Minimum Volatility ETF in the fourth quarter worth about $572,000. Finally, Valley Financial Group Inc. purchased a new position in VictoryShares US Multi-Factor Minimum Volatility ETF in the third quarter worth about $206,000.

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.