Short Interest in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Expands By 75.8%

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 5,800 shares, a growth of 75.8% from the August 31st total of 3,300 shares. Based on an average trading volume of 10,100 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of VictoryShares US Multi-Factor Minimum Volatility ETF

A number of hedge funds have recently made changes to their positions in the company. Cetera Advisors LLC bought a new position in VictoryShares US Multi-Factor Minimum Volatility ETF in the 1st quarter valued at approximately $260,000. Sovereign Financial Group Inc. lifted its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 71.5% during the first quarter. Sovereign Financial Group Inc. now owns 21,820 shares of the company’s stock worth $987,000 after purchasing an additional 9,099 shares during the period. Great Valley Advisor Group Inc. grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 18.2% in the second quarter. Great Valley Advisor Group Inc. now owns 346,153 shares of the company’s stock worth $15,729,000 after purchasing an additional 53,373 shares during the last quarter. Finally, Tower Wealth Partners Inc. increased its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 1.2% in the first quarter. Tower Wealth Partners Inc. now owns 396,486 shares of the company’s stock valued at $17,937,000 after purchasing an additional 4,677 shares during the period.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

Shares of VictoryShares US Multi-Factor Minimum Volatility ETF stock traded up $0.03 during midday trading on Friday, hitting $48.05. 4,072 shares of the company traded hands, compared to its average volume of 9,424. The firm’s fifty day moving average price is $47.23 and its 200-day moving average price is $45.60. The stock has a market cap of $139.35 million, a price-to-earnings ratio of 18.68 and a beta of 0.79. VictoryShares US Multi-Factor Minimum Volatility ETF has a 12 month low of $38.44 and a 12 month high of $48.26.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, September 11th were issued a dividend of $0.0943 per share. This is an increase from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.02. The ex-dividend date was Wednesday, September 11th. This represents a $1.13 annualized dividend and a dividend yield of 2.35%.

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.