VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Short Interest Up 735.1% in June

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,906 shares, an increase of 735.1% from the May 31st total of 348 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 4,301 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of VictoryShares US Multi-Factor Minimum Volatility ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. acquired a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF during the fourth quarter valued at $64,000. Great Valley Advisor Group Inc. increased its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 46.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 864,751 shares of the company’s stock worth $47,792,000 after purchasing an additional 274,980 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 3,665.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 223,455 shares of the company’s stock worth $12,350,000 after purchasing an additional 217,521 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock worth $161,000 after purchasing an additional 226 shares in the last quarter. Finally, Truist Financial Corp raised its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% during the 4th quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock worth $460,000 after purchasing an additional 2,262 shares in the last quarter.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Up 0.1%

VSMV stock opened at $58.88 on Friday. The company has a 50 day moving average of $59.40 and a two-hundred day moving average of $57.78. The company has a market cap of $153.09 million, a price-to-earnings ratio of 18.64 and a beta of 0.69. VictoryShares US Multi-Factor Minimum Volatility ETF has a 12-month low of $48.71 and a 12-month high of $60.91.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th were paid a $0.1132 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, June 9th.

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. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.