Short Interest in VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Rises By 86.8%

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 27,275 shares, a growth of 86.8% from the April 15th total of 14,598 shares. Based on an average daily trading volume, of 37,533 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in shares of VictoryShares WestEnd US Sector ETF in the fourth quarter worth about $38,000. Allworth Financial LP bought a new position in shares of VictoryShares WestEnd US Sector ETF in the third quarter worth about $78,000. Capital Analysts LLC bought a new stake in VictoryShares WestEnd US Sector ETF during the 4th quarter valued at approximately $126,000. Northwestern Mutual Wealth Management Co. bought a new stake in VictoryShares WestEnd US Sector ETF during the 3rd quarter valued at approximately $184,000. Finally, Comerica Bank raised its stake in VictoryShares WestEnd US Sector ETF by 11.2% during the 3rd quarter. Comerica Bank now owns 4,483 shares of the company’s stock valued at $207,000 after purchasing an additional 452 shares during the period. Institutional investors own 29.49% of the company’s stock.

VictoryShares WestEnd US Sector ETF Stock Performance

Shares of NASDAQ MODL traded down $0.58 during trading on Friday, hitting $49.93. The company had a trading volume of 55,879 shares, compared to its average volume of 95,326. The stock has a 50 day simple moving average of $47.02 and a 200 day simple moving average of $47.25. VictoryShares WestEnd US Sector ETF has a 12 month low of $40.02 and a 12 month high of $50.60. The firm has a market capitalization of $948.17 million, a P/E ratio of 56.10 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 8th were paid a $0.0134 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a c) annualized dividend and a dividend yield of 0.3%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is 38.20%.

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.