VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) Short Interest Up 142.2% in June

VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 4,309 shares, an increase of 142.2% from the June 15th total of 1,779 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 9,480 shares, the short-interest ratio is currently 0.5 days.

VictoryShares WestEnd Global Equity ETF Stock Up 0.0%

Shares of GLOW traded up $0.01 during mid-day trading on Wednesday, hitting $34.40. 7,971 shares of the company traded hands, compared to its average volume of 11,390. The company has a market capitalization of $61.23 million, a PE ratio of -83.90 and a beta of 0.81. The business has a 50 day moving average of $33.97 and a 200 day moving average of $32.34. VictoryShares WestEnd Global Equity ETF has a 1-year low of $27.98 and a 1-year high of $34.89.

VictoryShares WestEnd Global Equity ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were given a dividend of $0.1411 per share. The ex-dividend date of this dividend was Thursday, July 9th. This is a boost from VictoryShares WestEnd Global Equity ETF’s previous dividend of $0.03. VictoryShares WestEnd Global Equity ETF’s payout ratio is presently -102.44%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC acquired a new position in shares of VictoryShares WestEnd Global Equity ETF in the 4th quarter valued at $24,143,000. Janney Montgomery Scott LLC purchased a new position in VictoryShares WestEnd Global Equity ETF in the 1st quarter worth $2,343,000. Kestra Private Wealth Services LLC acquired a new stake in VictoryShares WestEnd Global Equity ETF during the 4th quarter worth about $1,065,000. Sanctuary Advisors LLC lifted its position in VictoryShares WestEnd Global Equity ETF by 34.2% during the 4th quarter. Sanctuary Advisors LLC now owns 34,552 shares of the company’s stock worth $1,065,000 after acquiring an additional 8,797 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in VictoryShares WestEnd Global Equity ETF during the 3rd quarter valued at about $232,000. Hedge funds and other institutional investors own 1.59% of the company’s stock.

About VictoryShares WestEnd Global Equity ETF

The VictoryShares WestEnd Global Equity ETF (GLOW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds, seeking long-term capital appreciation through investments in equity ETFs. Selection is based on various macroeconomic indicators and key ETF factors. GLOW was launched on Jun 20, 2024 and is issued by VictoryShares.