Short Interest in VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Increases By 136.8%

VictoryShares WestEnd US Sector ETF (NASDAQ:MODLGet Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 20,112 shares, an increase of 136.8% from the July 30th total of 8,493 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 26,251 shares, the days-to-cover ratio is currently 0.8 days.

VictoryShares WestEnd US Sector ETF Stock Performance

NASDAQ MODL traded down $0.16 during trading on Friday, hitting $53.05. 36,214 shares of the company’s stock traded hands, compared to its average volume of 78,253. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 59.61 and a beta of 0.93. VictoryShares WestEnd US Sector ETF has a 12-month low of $43.38 and a 12-month high of $53.43. The business has a 50 day moving average of $51.70 and a 200-day moving average of $49.29.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 10th. Investors of record on Friday, August 7th were paid a dividend of $0.0137 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, August 7th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is presently 39.33%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its position in shares of VictoryShares WestEnd US Sector ETF by 6.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,227 shares of the company’s stock valued at $201,000 after buying an additional 244 shares during the period. Comerica Bank increased its holdings 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 worth $207,000 after acquiring an additional 452 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in VictoryShares WestEnd US Sector ETF by 1.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 46,252 shares of the company’s stock worth $2,198,000 after acquiring an additional 536 shares during the period. Arkadios Wealth Advisors lifted its stake in VictoryShares WestEnd US Sector ETF by 3.2% in the 4th quarter. Arkadios Wealth Advisors now owns 21,469 shares of the company’s stock worth $1,020,000 after purchasing an additional 666 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in VictoryShares WestEnd US Sector ETF by 2.5% in the 4th quarter. Sanctuary Advisors LLC now owns 27,793 shares of the company’s stock worth $1,321,000 after purchasing an additional 671 shares in the last quarter. 29.49% of the stock is currently owned by hedge funds and other institutional investors.

VictoryShares WestEnd US Sector ETF Company Profile

(Get Free Report)

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.

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