VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Stock Short Interest Rises 81.6%

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL – Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 35,974 shares, a growth of 81.6% from the September 30th total of 19,808 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 45,196 shares, the days-to-cover ratio is currently 0.8 days.

VictoryShares WestEnd US Sector ETF Stock Down 1.4%

MODL traded down $0.72 during trading hours on Friday, reaching $51.97. 47,997 shares of the company’s stock traded hands, compared to its average volume of 71,455. The firm has a 50-day moving average price of $52.72 and a 200 day moving average price of $49.90. The firm has a market capitalization of $1.06 billion, a PE ratio of 58.39 and a beta of 0.94. VictoryShares WestEnd US Sector ETF has a 52-week low of $43.38 and a 52-week high of $53.45.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 8th were issued a dividend of $0.0223 per share. The ex-dividend date of this dividend was Thursday, October 8th. This is a negative change from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0475. This represents a $0.27 annualized dividend and a yield of 0.5%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is 39.33%.

Institutional Trading of VictoryShares WestEnd US Sector ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MODL. Kuhn & Co Investment Counsel raised its stake in VictoryShares WestEnd US Sector ETF by 0.7% in the third quarter. Kuhn & Co Investment Counsel now owns 54,916 shares of the company’s stock valued at $2,874,000 after buying an additional 389 shares during the last quarter. Firethorn Wealth Partners LLC boosted its stake in shares of VictoryShares WestEnd US Sector ETF by 1.5% in the third quarter. Firethorn Wealth Partners LLC now owns 41,181 shares of the company’s stock worth $2,155,000 after buying an additional 598 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in VictoryShares WestEnd US Sector ETF by 5.3% in the first quarter. Arkadios Wealth Advisors now owns 22,611 shares of the company’s stock valued at $1,010,000 after acquiring an additional 1,142 shares during the period. Private Advisor Group LLC raised its position in shares of 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 worth $1,068,000 after acquiring an additional 2,176 shares during the period. Finally, Fifth Third Bancorp purchased a new stake in shares of VictoryShares WestEnd US Sector ETF during the 1st quarter worth about $208,000. Hedge funds and other institutional investors own 29.49% of the company’s stock.

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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