VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Short Interest Update

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) was the target of a significant growth in short interest during 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. Based on an average daily volume of 51,987 shares, the short-interest ratio is presently 1.7 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On VictoryShares WestEnd US Sector ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Truist Financial Corp raised its stake in 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 valued at $53,181,000 after purchasing an additional 60,079 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in VictoryShares WestEnd US Sector ETF by 5.9% in the 4th 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 last quarter. J.W. Cole Advisors Inc. acquired a new stake in VictoryShares WestEnd US Sector ETF in the 4th quarter worth $3,506,000. Janney Montgomery Scott LLC increased its holdings in shares of VictoryShares WestEnd US Sector ETF by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock worth $57,599,000 after purchasing an additional 24,925 shares during the period. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of VictoryShares WestEnd US Sector ETF by 226.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 15,165 shares of the company’s stock worth $721,000 after purchasing an additional 10,526 shares during the period. 29.49% of the stock is owned by institutional investors and hedge funds.

VictoryShares WestEnd US Sector ETF Stock Down 1.0%

Shares of VictoryShares WestEnd US Sector ETF stock opened at $51.01 on Friday. The firm has a market cap of $1.02 billion, a P/E ratio of 57.31 and a beta of 0.93. VictoryShares WestEnd US Sector ETF has a fifty-two week low of $43.09 and a fifty-two week high of $51.78. The business has a 50-day moving average price of $50.66 and a 200 day moving average price of $48.36.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were paid a $0.0221 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, July 9th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is presently 39.33%.

VictoryShares WestEnd US Sector ETF Company Profile

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.