VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Short Interest Update

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 27,275 shares, a growth of 86.8% from the April 15th total of 14,598 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 37,533 shares, the short-interest ratio is presently 0.7 days.

VictoryShares WestEnd US Sector ETF Stock Performance

Shares of NASDAQ MODL traded up $0.04 during trading on Monday, hitting $49.97. The company had a trading volume of 51,716 shares, compared to its average volume of 94,861. The company has a market cap of $948.93 million, a P/E ratio of 56.15 and a beta of 0.94. VictoryShares WestEnd US Sector ETF has a 52 week low of $40.02 and a 52 week high of $50.60. The business’s 50-day moving average is $47.08 and its 200 day moving average is $47.27.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were issued a $0.0134 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a c) annualized dividend and a dividend yield of 0.3%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is currently 38.20%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in shares of VictoryShares WestEnd US Sector ETF by 29.5% in the first quarter. Royal Bank of Canada now owns 472,306 shares of the company’s stock valued at $21,107,000 after buying an additional 107,520 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of VictoryShares WestEnd US Sector ETF by 5.6% in the first quarter. D.A. Davidson & CO. now owns 108,045 shares of the company’s stock valued at $4,829,000 after buying an additional 5,716 shares in the last quarter. Fifth Third Bancorp acquired a new stake in VictoryShares WestEnd US Sector ETF during the 1st quarter valued at $208,000. Private Advisor Group LLC raised its stake in VictoryShares WestEnd US Sector ETF by 10.0% during the 1st quarter. Private Advisor Group LLC now owns 23,890 shares of the company’s stock valued at $1,068,000 after purchasing an additional 2,176 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in VictoryShares WestEnd US Sector ETF by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock valued at $57,599,000 after purchasing an additional 24,925 shares during the period. Institutional investors own 29.49% of the company’s stock.

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.