Short Interest in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Declines By 72.2%

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

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

Shares of NASDAQ VSMV traded up $0.24 during midday trading on Friday, hitting $59.89. The stock had a trading volume of 4,878 shares, compared to its average volume of 5,958. The company’s 50-day simple moving average is $59.69 and its 200 day simple moving average is $58.11. The firm has a market cap of $155.71 million, a P/E ratio of 18.64 and a beta of 0.69. VictoryShares US Multi-Factor Minimum Volatility ETF has a fifty-two week low of $48.71 and a fifty-two week high of $60.91.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

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

Institutional Trading of VictoryShares US Multi-Factor Minimum Volatility ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised 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 worth $161,000 after purchasing an additional 226 shares during the last quarter. Royal Bank of Canada lifted its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 99,816 shares of the company’s stock valued at $4,834,000 after purchasing an additional 503 shares during the period. Two Sigma Investments LP boosted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 7.1% in the 3rd quarter. Two Sigma Investments LP now owns 12,100 shares of the company’s stock valued at $649,000 after purchasing an additional 800 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 1.6% in the 2nd quarter. Raymond James Financial Inc. now owns 52,626 shares of the company’s stock valued at $2,594,000 after purchasing an additional 822 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the 4th quarter valued at about $64,000.

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.