Short Interest in VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Grows By 92.3%

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 46,158 shares, an increase of 92.3% from the May 31st total of 23,999 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 75,367 shares, the days-to-cover ratio is presently 0.6 days.

VictoryShares WestEnd US Sector ETF Price Performance

VictoryShares WestEnd US Sector ETF stock remained flat at $51.31 during trading hours on Friday. The company’s stock had a trading volume of 109,589 shares, compared to its average volume of 87,614. VictoryShares WestEnd US Sector ETF has a 12 month low of $42.97 and a 12 month high of $51.53. The company has a market cap of $1.03 billion, a PE ratio of 57.65 and a beta of 0.93. The firm has a fifty day simple moving average of $50.11 and a two-hundred day simple moving average of $48.06.

VictoryShares WestEnd US Sector ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were given a $0.048 dividend. The ex-dividend date was Tuesday, June 9th. This represents a c) annualized dividend and a dividend yield of 1.1%. This is a boost from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.01. VictoryShares WestEnd US Sector ETF’s payout ratio is presently 40.45%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Several hedge funds have recently added to or reduced their stakes in MODL. Kestra Advisory Services LLC acquired a new position in VictoryShares WestEnd US Sector ETF during the fourth quarter worth about $38,000. Allworth Financial LP acquired a new stake in shares of VictoryShares WestEnd US Sector ETF in the third quarter valued at approximately $78,000. Capital Analysts LLC acquired a new stake in shares of VictoryShares WestEnd US Sector ETF in the fourth quarter valued at approximately $126,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of VictoryShares WestEnd US Sector ETF during the 3rd quarter worth approximately $184,000. Finally, Comerica Bank increased its stake in shares of VictoryShares WestEnd US Sector ETF by 11.2% during the 3rd quarter. Comerica Bank now owns 4,483 shares of the company’s stock worth $207,000 after purchasing an additional 452 shares in the last quarter. 29.49% of the stock is currently owned by hedge funds and other institutional investors.

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.