VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Stock Short Interest Rises 219.3%

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 5,374 shares, an increase of 219.3% from the September 30th total of 1,683 shares. Based on an average trading volume of 4,959 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of VictoryShares US Multi-Factor Minimum Volatility ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the second quarter worth $542,000. Rockefeller Capital Management L.P. acquired a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the fourth quarter valued at approximately $64,000. Farther Finance Advisors LLC acquired a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF in the 3rd quarter valued at approximately $38,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the second quarter valued at about $31,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

Shares of NASDAQ:VSMV opened at $62.49 on Thursday. The business’s 50-day simple moving average is $60.89 and its 200 day simple moving average is $59.25. The company has a market cap of $162.48 million, a P/E ratio of 18.64 and a beta of 0.68. VictoryShares US Multi-Factor Minimum Volatility ETF has a one year low of $52.93 and a one year high of $62.91.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 8th were given a dividend of $0.0740 per share. The ex-dividend date of this dividend was Thursday, October 8th. This is a decrease from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.1040. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.4%.

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. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.