Short Interest in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Drops By 82.1%

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 700 shares, a decline of 82.1% from the November 30th total of 3,900 shares. Based on an average trading volume of 12,700 shares, the short-interest ratio is currently 0.1 days.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

Shares of VSMV stock opened at $48.55 on Friday. VictoryShares US Multi-Factor Minimum Volatility ETF has a one year low of $41.80 and a one year high of $50.71. The firm’s 50 day moving average price is $49.26 and its 200-day moving average price is $47.80. The firm has a market cap of $131.09 million, a P/E ratio of 18.68 and a beta of 0.79.

VictoryShares US Multi-Factor Minimum Volatility ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 13th. Stockholders of record on Thursday, December 12th were given a dividend of $0.1213 per share. The ex-dividend date was Thursday, December 12th.

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

Institutional investors have recently modified their holdings of the company. Tower Wealth Partners Inc. boosted its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 2.3% during the 2nd quarter. Tower Wealth Partners Inc. now owns 405,459 shares of the company’s stock valued at $18,424,000 after acquiring an additional 8,973 shares during the period. Jane Street Group LLC acquired a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the third quarter worth about $324,000. Finally, Lindenwold Advisors INC boosted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 5.2% in the third quarter. Lindenwold Advisors INC now owns 5,548 shares of the company’s stock valued at $270,000 after purchasing an additional 275 shares during the period.

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.