VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) Sees Significant Growth in Short Interest

VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 3,104 shares, a growth of 96.0% from the May 14th total of 1,584 shares. Based on an average daily volume of 9,686 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On VictoryShares WestEnd Global Equity ETF

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in VictoryShares WestEnd Global Equity ETF by 4,514.5% during the 4th quarter. Royal Bank of Canada now owns 3,184 shares of the company’s stock valued at $98,000 after purchasing an additional 3,115 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in VictoryShares WestEnd Global Equity ETF during the 3rd quarter valued at about $211,000. DAVENPORT & Co LLC bought a new position in VictoryShares WestEnd Global Equity ETF during the 4th quarter valued at about $223,000. Jane Street Group LLC bought a new position in VictoryShares WestEnd Global Equity ETF during the 4th quarter valued at about $237,000. Finally, Citadel Advisors LLC bought a new position in VictoryShares WestEnd Global Equity ETF during the 3rd quarter valued at about $232,000. 1.59% of the stock is owned by institutional investors.

VictoryShares WestEnd Global Equity ETF Trading Up 1.3%

NASDAQ:GLOW traded up $0.44 during mid-day trading on Monday, hitting $34.57. The company’s stock had a trading volume of 18,399 shares, compared to its average volume of 11,362. VictoryShares WestEnd Global Equity ETF has a fifty-two week low of $27.23 and a fifty-two week high of $34.68. The company has a market capitalization of $54.97 million, a price-to-earnings ratio of -84.32 and a beta of 0.83. The stock has a fifty day moving average of $32.88 and a 200-day moving average of $31.77.

VictoryShares WestEnd Global Equity ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 9th were given a $0.0277 dividend. The ex-dividend date of this dividend was Thursday, April 9th. VictoryShares WestEnd Global Equity ETF’s dividend payout ratio is -92.68%.

VictoryShares WestEnd Global Equity ETF Company Profile

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.