Short Interest in VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) Increases By 113.2%

VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,584 shares, an increase of 113.2% from the April 30th total of 743 shares. Based on an average daily volume of 14,601 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of VictoryShares WestEnd Global Equity ETF

A number of hedge funds have recently made changes to their positions in GLOW. CWM LLC acquired a new stake in VictoryShares WestEnd Global Equity ETF during the fourth quarter valued at $24,143,000. Kestra Private Wealth Services LLC acquired a new stake in VictoryShares WestEnd Global Equity ETF during the fourth quarter valued at $1,065,000. Sanctuary Advisors LLC boosted its position in VictoryShares WestEnd Global Equity ETF by 34.2% during the fourth quarter. Sanctuary Advisors LLC now owns 34,552 shares of the company’s stock valued at $1,065,000 after purchasing an additional 8,797 shares during the last quarter. DAVENPORT & Co LLC acquired a new stake in VictoryShares WestEnd Global Equity ETF during the fourth quarter valued at $223,000. Finally, Cary Street Partners Financial LLC acquired a new stake in VictoryShares WestEnd Global Equity ETF during the third quarter valued at $211,000. 1.59% of the stock is owned by hedge funds and other institutional investors.

VictoryShares WestEnd Global Equity ETF Price Performance

Shares of NASDAQ GLOW remained flat at $34.33 during mid-day trading on Tuesday. 13,625 shares of the stock were exchanged, compared to its average volume of 11,453. The business has a 50-day simple moving average of $32.18 and a two-hundred day simple moving average of $31.53. The stock has a market capitalization of $54.58 million, a P/E ratio of -83.73 and a beta of 0.82. VictoryShares WestEnd Global Equity ETF has a 1-year low of $27.20 and a 1-year high of $34.42.

VictoryShares WestEnd Global Equity ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 9th were given a $0.0277 dividend. The ex-dividend date of this dividend was Thursday, April 9th. VictoryShares WestEnd Global Equity ETF’s dividend payout ratio is -92.68%.

VictoryShares WestEnd Global Equity ETF Company Profile

The VictoryShares WestEnd Global Equity ETF (GLOW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds, seeking long-term capital appreciation through investments in equity ETFs. Selection is based on various macroeconomic indicators and key ETF factors. GLOW was launched on Jun 20, 2024 and is issued by VictoryShares.