VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) Short Interest Update

VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 15,405 shares, a drop of 36.7% from the April 15th total of 24,354 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 8,222 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new position in shares of VictoryShares Dividend Accelerator ETF in the 4th quarter worth about $72,000. Empowered Funds LLC bought a new position in shares of VictoryShares Dividend Accelerator ETF in the 4th quarter worth about $97,000. Advisory Services Network LLC bought a new position in shares of VictoryShares Dividend Accelerator ETF in the 3rd quarter worth about $117,000. Kestra Advisory Services LLC bought a new position in shares of VictoryShares Dividend Accelerator ETF in the 4th quarter worth about $120,000. Finally, Rockefeller Capital Management L.P. increased its stake in shares of VictoryShares Dividend Accelerator ETF by 159.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,989 shares of the company’s stock valued at $263,000 after acquiring an additional 3,065 shares in the last quarter.

VictoryShares Dividend Accelerator ETF Trading Up 0.7%

NASDAQ:VSDA traded up $0.39 during trading hours on Monday, hitting $54.79. 1,107 shares of the company were exchanged, compared to its average volume of 11,075. The stock has a market capitalization of $230.12 million, a price-to-earnings ratio of 18.24 and a beta of 0.81. VictoryShares Dividend Accelerator ETF has a one year low of $49.96 and a one year high of $59.18. The company has a fifty day simple moving average of $55.04 and a 200 day simple moving average of $54.71.

VictoryShares Dividend Accelerator ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were issued a dividend of $0.0702 per share. The ex-dividend date was Friday, May 8th. This represents a c) annualized dividend and a yield of 1.5%.

VictoryShares Dividend Accelerator ETF Company Profile

The VictoryShares Dividend Accelerator ETF (VSDA) is an exchange-traded fund that is based on the Nasdaq Victory Dividend Accelerator index. The fund tracks an index of dividend-paying US large- and mid-cap stocks with a high likelihood of future dividend growth. VSDA was launched on Apr 18, 2017 and is managed by VictoryShares.