Short Interest in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Drops By 42.9%

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 400 shares, a decline of 42.9% from the December 15th total of 700 shares. Based on an average trading volume of 12,900 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSMV. Tower Wealth Partners Inc. raised its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 2.3% during the 2nd quarter. Tower Wealth Partners Inc. now owns 405,459 shares of the company’s stock worth $18,424,000 after acquiring an additional 8,973 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the third quarter valued at $324,000. Finally, Lindenwold Advisors INC increased its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 5.2% in the third quarter. Lindenwold Advisors INC now owns 5,548 shares of the company’s stock worth $270,000 after purchasing an additional 275 shares during the last quarter.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Up 0.4 %

Shares of VSMV stock opened at $47.95 on Tuesday. The company’s fifty day simple moving average is $49.20 and its two-hundred day simple moving average is $48.04. VictoryShares US Multi-Factor Minimum Volatility ETF has a 52 week low of $42.00 and a 52 week high of $50.71. The stock has a market cap of $110.29 million, a P/E ratio of 18.68 and a beta of 0.79.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, January 8th were given a $0.0116 dividend. The ex-dividend date of this dividend was Wednesday, January 8th.

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.