Short Interest in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Drops By 72.2%

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMVGet Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 809 shares, a drop of 72.2% from the June 15th total of 2,906 shares. Based on an average trading volume of 4,377 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

Institutional investors have recently made changes to their positions in the stock. Dakota Wealth Management bought a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF in the fourth quarter valued at about $572,000. Great Valley Advisor Group Inc. boosted its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 46.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 864,751 shares of the company’s stock worth $47,792,000 after buying an additional 274,980 shares during the last quarter. Lindenwold Advisors INC boosted its holdings in 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 buying an additional 1,534 shares during the last quarter. Royal Bank of Canada boosted its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 0.5% during the first quarter. Royal Bank of Canada now owns 99,816 shares of the company’s stock worth $4,834,000 after buying an additional 503 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 1.6% during the 2nd quarter. Raymond James Financial Inc. now owns 52,626 shares of the company’s stock worth $2,594,000 after buying an additional 822 shares during the period.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

VSMV traded up $0.24 during trading on Friday, reaching $59.89. 4,878 shares of the company’s stock were exchanged, compared to its average volume of 5,958. The company’s fifty day moving average price is $59.69 and its 200-day moving average price is $58.11. VictoryShares US Multi-Factor Minimum Volatility ETF has a fifty-two week low of $48.71 and a fifty-two week high of $60.91. The firm has a market capitalization of $155.71 million, a PE ratio of 18.64 and a beta of 0.69.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were given a $0.0591 dividend. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, July 9th.

About VictoryShares US Multi-Factor Minimum Volatility ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for VictoryShares US Multi-Factor Minimum Volatility ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VictoryShares US Multi-Factor Minimum Volatility ETF and related companies with MarketBeat.com's FREE daily email newsletter.