VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Shares Shorted: Short Interest Up 65.8% in September

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 31,478 shares, an increase of 65.8% from the August 31st total of 18,991 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 74,584 shares, the days-to-cover ratio is currently 0.4 days.

VictoryShares WestEnd US Sector ETF Stock Down 0.2%

MODL stock traded down $0.10 during mid-day trading on Thursday, hitting $52.24. 26,978 shares of the company were exchanged, compared to its average volume of 75,040. The firm has a market capitalization of $1.06 billion, a P/E ratio of 58.70 and a beta of 0.93. The business has a fifty day simple moving average of $52.40 and a 200-day simple moving average of $50.20. VictoryShares WestEnd US Sector ETF has a 12-month low of $43.38 and a 12-month high of $53.43.

VictoryShares WestEnd US Sector ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, September 9th were paid a $0.0475 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0137. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is presently 41.57%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Large investors have recently bought and sold shares of the business. Arkadios Wealth Advisors increased its holdings in shares of VictoryShares WestEnd US Sector ETF by 5.3% during the 1st quarter. Arkadios Wealth Advisors now owns 22,611 shares of the company’s stock worth $1,010,000 after acquiring an additional 1,142 shares during the last quarter. Private Advisor Group LLC boosted its holdings in VictoryShares WestEnd US Sector ETF by 10.0% in the first quarter. Private Advisor Group LLC now owns 23,890 shares of the company’s stock valued at $1,068,000 after purchasing an additional 2,176 shares during the period. Fifth Third Bancorp purchased a new position in VictoryShares WestEnd US Sector ETF in the 1st quarter valued at about $208,000. D.A. Davidson & CO. increased its stake in VictoryShares WestEnd US Sector ETF by 5.6% during the first quarter. D.A. Davidson & CO. now owns 108,045 shares of the company’s stock worth $4,829,000 after acquiring an additional 5,716 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in VictoryShares WestEnd US Sector ETF by 86.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,788 shares of the company’s stock valued at $703,000 after buying an additional 6,391 shares during the last quarter. 29.49% of the stock is currently owned by institutional investors and hedge funds.

About VictoryShares WestEnd US Sector ETF

(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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