VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Stock Short Interest Report for October

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 8,401 shares, a decrease of 76.6% from the October 15th total of 35,974 shares. Based on an average trading volume of 32,285 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased 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 worth $43,254,000 after acquiring an additional 965,878 shares in the last quarter. Royal Bank of Canada lifted its position in VictoryShares WestEnd US Sector ETF by 29.5% in the 1st 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. Envestnet Asset Management Inc. boosted its stake in VictoryShares WestEnd US Sector ETF by 97.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 383,308 shares of the company’s stock worth $19,537,000 after purchasing an additional 189,095 shares during the period. MBL Wealth LLC boosted its stake in VictoryShares WestEnd US Sector ETF by 2.8% in the 3rd quarter. MBL Wealth LLC now owns 268,499 shares of the company’s stock worth $14,053,000 after purchasing an additional 7,315 shares during the period. Finally, Fairvoy Private Wealth LLC boosted 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 during the period. Institutional investors own 29.49% of the company’s stock.

VictoryShares WestEnd US Sector ETF Price Performance

NASDAQ MODL opened at $52.59 on Thursday. The firm has a market cap of $1.08 billion, a P/E ratio of 59.08 and a beta of 0.94. The stock’s 50-day moving average is $52.57 and its 200-day moving average is $50.07. VictoryShares WestEnd US Sector ETF has a one year low of $43.38 and a one year high of $53.45.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 9th. Shareholders of record on Friday, November 6th were issued a dividend of $0.0117 per share. This is a decrease from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0223. The ex-dividend date was Friday, November 6th. This represents a $0.14 annualized dividend and a yield of 0.3%. VictoryShares WestEnd US Sector ETF’s dividend 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.