Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) Short Interest Up 148.9% in January

Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 11,200 shares, a growth of 148.9% from the December 31st total of 4,500 shares. Based on an average daily volume of 20,900 shares, the short-interest ratio is currently 0.5 days.

Victoryshares Dividend Accelerator ETF Stock Performance

NASDAQ:VSDA traded up $0.12 during trading hours on Wednesday, hitting $52.60. The stock had a trading volume of 606 shares, compared to its average volume of 57,224. Victoryshares Dividend Accelerator ETF has a one year low of $46.94 and a one year high of $55.25. The company has a market cap of $257.74 million, a price-to-earnings ratio of 21.70 and a beta of 0.86. The business’s 50 day moving average is $52.33 and its 200-day moving average is $52.07.

Victoryshares Dividend Accelerator ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, January 8th were given a dividend of $0.0576 per share. The ex-dividend date of this dividend was Wednesday, January 8th.

Institutional Investors Weigh In On Victoryshares Dividend Accelerator ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Victoryshares Dividend Accelerator ETF by 98.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 118,768 shares of the company’s stock valued at $5,738,000 after buying an additional 58,798 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in Victoryshares Dividend Accelerator ETF during the 3rd quarter worth $216,000. Integrated Advisors Network LLC raised its holdings in Victoryshares Dividend Accelerator ETF by 28.2% during the 3rd quarter. Integrated Advisors Network LLC now owns 5,472 shares of the company’s stock worth $291,000 after purchasing an additional 1,203 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its position in shares of Victoryshares Dividend Accelerator ETF by 1.5% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 84,719 shares of the company’s stock valued at $4,501,000 after acquiring an additional 1,272 shares during the period. Finally, Pinnacle Financial Partners Inc grew its holdings in Victoryshares Dividend Accelerator ETF by 4.3% in the third quarter. Pinnacle Financial Partners Inc now owns 454,273 shares of the company’s stock worth $24,136,000 after purchasing an additional 18,645 shares during the period.

Victoryshares Dividend Accelerator ETF Company Profile

The VictoryShares Dividend Accelerator ETF (VSDA) is an exchange-traded fund that is based on the Nasdaq Victory Dividend Accelerator index. The fund tracks an index of dividend-paying US large- and mid-cap stocks with a high likelihood of future dividend growth. VSDA was launched on Apr 18, 2017 and is managed by VictoryShares.