VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Short Interest Up 735.1% in June

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 2,906 shares, a growth of 735.1% from the May 31st total of 348 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 4,301 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

Large investors have recently modified their holdings of the business. 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. Global Retirement Partners LLC boosted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock worth $161,000 after buying an additional 226 shares during the period. Valley Financial Group Inc. purchased a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 3rd quarter worth approximately $206,000. Lindenwold Advisors INC boosted its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 29.2% during the 3rd quarter. Lindenwold Advisors INC now owns 6,786 shares of the company’s stock worth $364,000 after purchasing an additional 1,534 shares during the period. Finally, Truist Financial Corp grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% in the fourth quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock valued at $460,000 after buying an additional 2,262 shares in the last quarter.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Up 0.5%

VictoryShares US Multi-Factor Minimum Volatility ETF stock opened at $59.19 on Friday. VictoryShares US Multi-Factor Minimum Volatility ETF has a 52 week low of $48.71 and a 52 week high of $60.91. The business’s 50-day moving average price is $59.42 and its 200 day moving average price is $57.79. The firm has a market cap of $153.89 million, a price-to-earnings ratio of 18.64 and a beta of 0.69.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th were given a $0.1132 dividend. This represents a c) annualized dividend and a dividend yield of 2.3%. This is a positive change from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.04. The ex-dividend date was Tuesday, June 9th.

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