VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Stock Short Interest Rises 81.6%

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 35,974 shares, a growth of 81.6% from the September 30th total of 19,808 shares. Based on an average daily volume of 45,196 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its position in shares of VictoryShares WestEnd US Sector ETF by 48,293.9% during the first quarter. Bank of America Corp DE now owns 967,878 shares of the company’s stock valued at $43,254,000 after buying an additional 965,878 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in VictoryShares WestEnd US Sector ETF by 97.4% during the second quarter. Envestnet Asset Management Inc. now owns 383,308 shares of the company’s stock valued at $19,537,000 after acquiring an additional 189,095 shares in the last quarter. Royal Bank of Canada grew its stake in VictoryShares WestEnd US Sector ETF by 29.5% during the first quarter. Royal Bank of Canada now owns 472,306 shares of the company’s stock valued at $21,107,000 after acquiring an additional 107,520 shares in the last quarter. Fairvoy Private Wealth LLC lifted its stake in VictoryShares WestEnd US Sector ETF by 28.7% in the 3rd quarter. Fairvoy Private Wealth LLC now owns 129,589 shares of the company’s stock worth $6,783,000 after purchasing an additional 28,900 shares in the last quarter. Finally, Capital Analysts LLC lifted its stake in VictoryShares WestEnd US Sector ETF by 52.4% in the 2nd quarter. Capital Analysts LLC now owns 35,491 shares of the company’s stock worth $1,809,000 after purchasing an additional 12,199 shares in the last quarter. Institutional investors own 29.49% of the company’s stock.

VictoryShares WestEnd US Sector ETF Price Performance

Shares of NASDAQ:MODL traded down $0.72 during mid-day trading on Friday, reaching $51.97. 47,997 shares of the company traded hands, compared to its average volume of 71,455. VictoryShares WestEnd US Sector ETF has a 52 week low of $43.38 and a 52 week high of $53.45. The firm has a market cap of $1.06 billion, a PE ratio of 58.39 and a beta of 0.94. The company’s 50 day moving average price is $52.72 and its 200-day moving average price is $49.90.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were issued a dividend of $0.0223 per share. This is a drop from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0475. This represents a $0.27 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, October 8th. VictoryShares WestEnd US Sector ETF’s payout ratio is 39.33%.

VictoryShares WestEnd US Sector ETF Company Profile

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.