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

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 20,112 shares, an increase of 136.8% from the July 30th total of 8,493 shares. Based on an average daily volume of 26,251 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC lifted its holdings in VictoryShares WestEnd US Sector ETF by 86.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,788 shares of the company’s stock valued at $703,000 after purchasing an additional 6,391 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of VictoryShares WestEnd US Sector ETF by 110.9% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 13,449 shares of the company’s stock valued at $601,000 after buying an additional 7,073 shares during the last quarter. Bank of America Corp DE raised its holdings in VictoryShares WestEnd US Sector ETF by 48,293.9% in the 1st quarter. Bank of America Corp DE now owns 967,878 shares of the company’s stock valued at $43,254,000 after acquiring an additional 965,878 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in VictoryShares WestEnd US Sector ETF by 5.3% in the 1st quarter. Arkadios Wealth Advisors now owns 22,611 shares of the company’s stock worth $1,010,000 after purchasing an additional 1,142 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in VictoryShares WestEnd US Sector ETF by 29.5% in the 1st quarter. Royal Bank of Canada now owns 472,306 shares of the company’s stock worth $21,107,000 after purchasing an additional 107,520 shares in the last quarter. 29.49% of the stock is owned by institutional investors and hedge funds.

VictoryShares WestEnd US Sector ETF Price Performance

VictoryShares WestEnd US Sector ETF stock traded down $0.16 during midday trading on Friday, reaching $53.05. The company had a trading volume of 36,214 shares, compared to its average volume of 78,253. VictoryShares WestEnd US Sector ETF has a 12-month low of $43.38 and a 12-month high of $53.43. The company has a market capitalization of $1.07 billion, a P/E ratio of 59.61 and a beta of 0.93. The firm’s fifty day simple moving average is $51.70 and its 200-day simple moving average is $49.29.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were paid a $0.0137 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. VictoryShares WestEnd US Sector ETF’s payout ratio is currently 39.33%.

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.