Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) Sees Significant Drop in Short Interest

Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 3,400 shares, a decrease of 15.0% from the August 31st total of 4,000 shares. Based on an average daily trading volume, of 10,900 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Victoryshares Dividend Accelerator ETF

Several institutional investors have recently modified their holdings of VSDA. GPS Wealth Strategies Group LLC purchased a new position in Victoryshares Dividend Accelerator ETF in the second quarter worth $26,000. Scarborough Advisors LLC bought a new stake in shares of Victoryshares Dividend Accelerator ETF during the 4th quarter worth $125,000. Thoroughbred Financial Services LLC boosted its holdings in shares of Victoryshares Dividend Accelerator ETF by 6.8% in the 1st quarter. Thoroughbred Financial Services LLC now owns 7,238 shares of the company’s stock worth $364,000 after buying an additional 461 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Victoryshares Dividend Accelerator ETF by 104.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 42,363 shares of the company’s stock valued at $2,047,000 after buying an additional 21,692 shares during the period. Finally, DDD Partners LLC increased its holdings in Victoryshares Dividend Accelerator ETF by 3.2% during the second quarter. DDD Partners LLC now owns 87,924 shares of the company’s stock worth $4,248,000 after buying an additional 2,751 shares during the last quarter.

Victoryshares Dividend Accelerator ETF Price Performance

NASDAQ VSDA opened at $53.05 on Friday. The company has a fifty day moving average price of $51.29 and a 200-day moving average price of $49.75. Victoryshares Dividend Accelerator ETF has a 1 year low of $41.26 and a 1 year high of $53.46. The firm has a market cap of $265.27 million, a price-to-earnings ratio of 21.70 and a beta of 0.86.

Victoryshares Dividend Accelerator ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, September 11th were given a dividend of $0.1389 per share. The ex-dividend date was Wednesday, September 11th. This represents a $1.67 annualized dividend and a dividend yield of 3.14%. This is a boost from Victoryshares Dividend Accelerator ETF’s previous monthly dividend of $0.02.

About Victoryshares Dividend Accelerator ETF

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.