VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) Sees Large Drop in Short Interest

VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,187 shares, a decrease of 82.7% from the September 30th total of 6,875 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 15,287 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On VictoryShares Dividend Accelerator ETF

A number of institutional investors have recently added to or reduced their stakes in VSDA. Citadel Advisors LLC lifted its holdings in shares of VictoryShares Dividend Accelerator ETF by 16.1% in the second quarter. Citadel Advisors LLC now owns 29,241 shares of the company’s stock worth $1,701,000 after buying an additional 4,047 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of VictoryShares Dividend Accelerator ETF during the second quarter worth $428,000. Rockefeller Capital Management L.P. boosted its position in shares of VictoryShares Dividend Accelerator ETF by 159.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,989 shares of the company’s stock worth $263,000 after acquiring an additional 3,065 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in VictoryShares Dividend Accelerator ETF during the first quarter valued at $51,000.

VictoryShares Dividend Accelerator ETF Trading Down 0.1%

NASDAQ:VSDA opened at $59.47 on Tuesday. VictoryShares Dividend Accelerator ETF has a 12-month low of $51.14 and a 12-month high of $61.22. The stock has a 50-day moving average price of $58.42 and a 200 day moving average price of $57.04. The stock has a market capitalization of $223.01 million, a P/E ratio of 18.24 and a beta of 0.77.

VictoryShares Dividend Accelerator 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 paid a $0.1221 dividend. This represents a $1.46 annualized dividend and a yield of 2.5%. The ex-dividend date was Thursday, October 8th. This is a negative change from VictoryShares Dividend Accelerator ETF’s previous monthly dividend of $0.1846.

About VictoryShares Dividend Accelerator ETF

The VictoryShares Dividend Accelerator ETF (VSDA) is an exchange-traded fund that is based on the Nasdaq Victory Dividend Accelerator index. The fund tracks an index of dividend-paying US large- and mid-cap stocks with a high likelihood of future dividend growth. VSDA was launched on Apr 18, 2017 and is managed by VictoryShares.