VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sees Large Increase in Short Interest

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 88,395 shares, a growth of 91.5% from the June 15th total of 46,158 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 51,987 shares, the short-interest ratio is presently 1.7 days.

VictoryShares WestEnd US Sector ETF Stock Performance

Shares of MODL stock traded down $0.15 during midday trading on Thursday, reaching $51.53. 71,781 shares of the company were exchanged, compared to its average volume of 86,973. VictoryShares WestEnd US Sector ETF has a 12 month low of $43.09 and a 12 month high of $51.78. The company has a market cap of $1.04 billion, a P/E ratio of 57.90 and a beta of 0.93. The company’s 50 day moving average price is $50.60 and its two-hundred day moving average price is $48.32.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were given a dividend of $0.0221 per share. The ex-dividend date was Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 0.5%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is 39.33%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MODL. Truist Financial Corp boosted its stake in shares of VictoryShares WestEnd US Sector ETF by 5.7% during the 4th quarter. Truist Financial Corp now owns 1,119,138 shares of the company’s stock worth $53,181,000 after acquiring an additional 60,079 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of VictoryShares WestEnd US Sector ETF by 5.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 539,939 shares of the company’s stock worth $25,658,000 after purchasing an additional 30,182 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in shares of VictoryShares WestEnd US Sector ETF during the fourth quarter valued at $3,506,000. Janney Montgomery Scott LLC lifted its holdings in shares of VictoryShares WestEnd US Sector ETF by 2.0% during the first quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock valued at $57,599,000 after purchasing an additional 24,925 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its position in shares of VictoryShares WestEnd US Sector ETF by 226.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 15,165 shares of the company’s stock valued at $721,000 after purchasing an additional 10,526 shares during the period. Institutional investors own 29.49% of the company’s stock.

About VictoryShares WestEnd US Sector ETF

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.