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

VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) was the recipient of a large decrease in short interest in 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 company are sold short. Based on an average daily volume of 15,287 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new position in shares of VictoryShares Dividend Accelerator ETF during the 2nd quarter valued at approximately $428,000. Citadel Advisors LLC raised its position in shares of VictoryShares Dividend Accelerator ETF by 16.1% during the 2nd quarter. Citadel Advisors LLC now owns 29,241 shares of the company’s stock valued at $1,701,000 after purchasing an additional 4,047 shares during the period. Western Wealth Management LLC bought a new stake in shares of VictoryShares Dividend Accelerator ETF during the 1st quarter valued at $51,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of VictoryShares Dividend Accelerator ETF by 159.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,989 shares of the company’s stock valued at $263,000 after buying an additional 3,065 shares in the last quarter.

VictoryShares Dividend Accelerator ETF Stock Performance

Shares of VictoryShares Dividend Accelerator ETF stock opened at $59.47 on Tuesday. VictoryShares Dividend Accelerator ETF has a one year low of $51.14 and a one year high of $61.22. The stock’s fifty day moving average is $58.42 and its 200 day moving average is $57.04. The stock has a market cap of $223.01 million, a P/E ratio of 18.24 and a beta of 0.77.

VictoryShares Dividend Accelerator ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were given a $0.1221 dividend. 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. This represents a $1.46 dividend on an annualized basis and a yield of 2.5%.

VictoryShares Dividend Accelerator ETF Company Profile

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.