VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Short Interest Up 153.8% in August

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 3,300 shares, a growth of 153.8% from the August 15th total of 1,300 shares. Based on an average trading volume of 9,500 shares, the days-to-cover ratio is currently 0.3 days.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

Shares of NASDAQ:VSMV traded up $0.21 on Thursday, reaching $47.48. The company’s stock had a trading volume of 3,308 shares, compared to its average volume of 9,553. VictoryShares US Multi-Factor Minimum Volatility ETF has a 52-week low of $38.44 and a 52-week high of $48.26. The stock’s 50-day moving average is $46.90 and its two-hundred day moving average is $45.34. The stock has a market capitalization of $137.69 million, a P/E ratio of 18.68 and a beta of 0.79.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Wednesday, September 11th will be paid a $0.0943 dividend. This is an increase from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.02. This represents a $1.13 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Wednesday, September 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Tower Wealth Partners Inc. grew its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 2.3% in the 2nd quarter. Tower Wealth Partners Inc. now owns 405,459 shares of the company’s stock valued at $18,424,000 after buying an additional 8,973 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings 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 valued at $15,729,000 after acquiring an additional 53,373 shares in the last quarter. Sovereign Financial Group Inc. increased its stake 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 acquiring an additional 9,099 shares during the period. Lindenwold Advisors INC lifted its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 6.2% in the 4th quarter. Lindenwold Advisors INC now owns 5,786 shares of the company’s stock valued at $243,000 after buying an additional 339 shares during the period. Finally, Cetera Advisors LLC acquired a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the first quarter worth $260,000.

About VictoryShares US Multi-Factor Minimum Volatility ETF

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.