VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 5,374 shares, an increase of 219.3% from the September 30th total of 1,683 shares. Based on an average trading volume of 4,959 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.2% of the company’s shares are short sold.
VictoryShares US Multi-Factor Minimum Volatility ETF Trading Up 0.7%
VSMV stock opened at $62.93 on Friday. VictoryShares US Multi-Factor Minimum Volatility ETF has a 12 month low of $52.93 and a 12 month high of $63.02. The company has a 50-day moving average price of $60.93 and a 200 day moving average price of $59.28. The stock has a market cap of $163.61 million, a PE ratio of 18.64 and a beta of 0.68.
VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 8th were paid a dividend of $0.0740 per share. This is a decrease from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.1040. This represents a $0.89 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, October 8th.
Hedge Funds Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF
A number of institutional investors have recently modified their holdings of VSMV. Integrated Wealth Concepts LLC bought a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF during the 2nd quarter valued at $31,000. Farther Finance Advisors LLC purchased a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the third quarter valued at $38,000. Rockefeller Capital Management L.P. bought a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the fourth quarter valued at about $64,000. Finally, Citadel Advisors LLC purchased a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the 2nd quarter valued at about $542,000.
VictoryShares US Multi-Factor Minimum Volatility ETF Company Profile
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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