VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Short Interest Up 303.3% in April

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,839 shares, a growth of 303.3% from the April 15th total of 456 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 5,881 shares, the days-to-cover ratio is currently 0.3 days.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Up 0.3%

Shares of NASDAQ VSMV traded up $0.15 during trading on Wednesday, reaching $59.76. The company had a trading volume of 5,299 shares, compared to its average volume of 6,876. The company’s fifty day moving average price is $57.72 and its 200-day moving average price is $56.48. The stock has a market cap of $155.38 million, a P/E ratio of 18.64 and a beta of 0.69. VictoryShares US Multi-Factor Minimum Volatility ETF has a 12 month low of $47.64 and a 12 month high of $59.84.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

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

Hedge Funds Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 0.5% in the first quarter. Royal Bank of Canada now owns 99,816 shares of the company’s stock valued at $4,834,000 after purchasing an additional 503 shares during the period. Raymond James Financial Inc. lifted its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 1.6% in the 2nd quarter. Raymond James Financial Inc. now owns 52,626 shares of the company’s stock worth $2,594,000 after buying an additional 822 shares during the last quarter. Tower Wealth Partners Inc. raised its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 0.7% during the 3rd quarter. Tower Wealth Partners Inc. now owns 415,876 shares of the company’s stock worth $22,316,000 after buying an additional 2,849 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 7.1% during the third quarter. Two Sigma Investments LP now owns 12,100 shares of the company’s stock valued at $649,000 after acquiring an additional 800 shares during the period. Finally, Valley Financial Group Inc. bought a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF in the third quarter worth approximately $206,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Company Profile

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.