Short Interest in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Drops By 80.0%

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decrease of 80.0% from the September 30th total of 500 shares. Based on an average daily volume of 10,600 shares, the short-interest ratio is presently 0.0 days.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

Shares of VictoryShares US Multi-Factor Minimum Volatility ETF stock traded down $0.15 during midday trading on Friday, hitting $48.40. 1,259 shares of the company were exchanged, compared to its average volume of 9,760. The firm has a 50 day simple moving average of $48.09 and a 200-day simple moving average of $46.14. VictoryShares US Multi-Factor Minimum Volatility ETF has a 52 week low of $38.44 and a 52 week high of $49.20. The firm has a market cap of $125.85 million, a P/E ratio of 18.68 and a beta of 0.79.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, October 8th were issued a $0.0482 dividend. This represents a $0.58 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Tuesday, October 8th.

Hedge Funds Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

Institutional investors have recently added to or reduced their stakes in the company. Tower Wealth Partners Inc. lifted its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 1.2% in the 1st quarter. Tower Wealth Partners Inc. now owns 396,486 shares of the company’s stock valued at $17,937,000 after acquiring an additional 4,677 shares in the last quarter. Cetera Advisors LLC acquired a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the 1st quarter worth approximately $260,000. Finally, Great Valley Advisor Group Inc. grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 18.2% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 346,153 shares of the company’s stock worth $15,729,000 after acquiring an additional 53,373 shares in the last quarter.

About VictoryShares US Multi-Factor Minimum Volatility ETF

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.