VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Sees Large Drop in Short Interest

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 298 shares, a drop of 83.8% from the April 30th total of 1,839 shares. Based on an average trading volume of 5,389 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

VictoryShares US Multi-Factor Minimum Volatility ETF Trading Down 0.1%

NASDAQ:VSMV traded down $0.06 during midday trading on Friday, hitting $60.17. 1,565 shares of the company were exchanged, compared to its average volume of 6,504. The company has a fifty day simple moving average of $58.28 and a 200 day simple moving average of $57.01. VictoryShares US Multi-Factor Minimum Volatility ETF has a fifty-two week low of $48.39 and a fifty-two week high of $60.74. The company has a market capitalization of $156.44 million, a PE ratio of 18.64 and a beta of 0.69.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were paid a dividend of $0.0355 per share. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, May 8th.

Institutional Investors Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. acquired a new position in VictoryShares US Multi-Factor Minimum Volatility ETF in the fourth quarter valued at $64,000. Great Valley Advisor Group Inc. increased its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 46.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 864,751 shares of the company’s stock valued at $47,792,000 after purchasing an additional 274,980 shares during the period. Goldman Sachs Group Inc. increased its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 3,665.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 223,455 shares of the company’s stock valued at $12,350,000 after purchasing an additional 217,521 shares during the period. Global Retirement Partners LLC increased its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock valued at $161,000 after purchasing an additional 226 shares during the period. Finally, Truist Financial Corp increased its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% in the fourth quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock valued at $460,000 after purchasing an additional 2,262 shares during the period.

About VictoryShares US Multi-Factor Minimum Volatility ETF

The VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks, selected and weighted based on multiple factors. ETF optimization and constraints are used in order to minimize volatility. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.