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

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 15,327 shares, a decline of 82.7% from the June 30th total of 88,395 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 83,292 shares, the short-interest ratio is currently 0.2 days.

VictoryShares WestEnd US Sector ETF Stock Performance

NASDAQ MODL traded up $0.06 on Friday, hitting $50.71. The stock had a trading volume of 36,794 shares, compared to its average volume of 84,451. VictoryShares WestEnd US Sector ETF has a 52-week low of $43.09 and a 52-week high of $51.78. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 56.98 and a beta of 0.93. The firm has a 50-day moving average of $50.75 and a 200-day moving average of $48.48.

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 issued a $0.0221 dividend. The ex-dividend date of this dividend 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 is presently 39.33%.

Institutional Investors Weigh In On VictoryShares WestEnd US Sector ETF

Large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new position in VictoryShares WestEnd US Sector ETF during the fourth quarter worth about $38,000. Allworth Financial LP purchased a new stake in shares of VictoryShares WestEnd US Sector ETF in the 3rd quarter valued at about $78,000. Capital Analysts LLC bought a new stake in shares of VictoryShares WestEnd US Sector ETF during the 4th quarter valued at about $126,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of VictoryShares WestEnd US Sector ETF during the third quarter worth about $184,000. Finally, Comerica Bank grew its holdings in shares of VictoryShares WestEnd US Sector ETF by 11.2% during the third quarter. Comerica Bank now owns 4,483 shares of the company’s stock worth $207,000 after purchasing an additional 452 shares in the last quarter. 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.