VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV – Get Free Report) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 298 shares, a drop of 83.8% from the April 30th total of 1,839 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,389 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF
Institutional investors and hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. purchased a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the 4th quarter valued at $64,000. Global Retirement Partners LLC increased its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock worth $161,000 after purchasing an additional 226 shares during the period. Valley Financial Group Inc. purchased a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF in the third quarter worth $206,000. Lindenwold Advisors INC lifted its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 29.2% during the third 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 last quarter. Finally, Truist Financial Corp boosted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% during the fourth quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock valued at $460,000 after purchasing an additional 2,262 shares during the period.
VictoryShares US Multi-Factor Minimum Volatility ETF Stock Up 0.3%
VictoryShares US Multi-Factor Minimum Volatility ETF stock traded up $0.17 during midday trading on Thursday, reaching $60.32. The stock had a trading volume of 377 shares, compared to its average volume of 6,500. VictoryShares US Multi-Factor Minimum Volatility ETF has a 52-week low of $48.39 and a 52-week high of $60.74. The firm has a market cap of $156.83 million, a price-to-earnings ratio of 18.64 and a beta of 0.69. The company has a fifty day moving average of $58.23 and a 200 day moving average of $56.97.
VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend
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.
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