Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) Sees Significant Decline in Short Interest

Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 2,100 shares, a drop of 73.4% from the June 30th total of 7,900 shares. Based on an average daily trading volume, of 9,100 shares, the short-interest ratio is presently 0.2 days.

Victoryshares Dividend Accelerator ETF Stock Up 1.3 %

VSDA stock traded up $0.66 during trading on Friday, hitting $50.77. The company had a trading volume of 9,439 shares, compared to its average volume of 16,692. The firm has a market capitalization of $253.85 million, a P/E ratio of 21.70 and a beta of 0.86. Victoryshares Dividend Accelerator ETF has a 52-week low of $41.26 and a 52-week high of $50.94. The company has a 50 day simple moving average of $48.90 and a 200-day simple moving average of $48.62.

Victoryshares Dividend Accelerator ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, July 11th. Investors of record on Wednesday, July 10th were paid a $0.133 dividend. This represents a $1.60 annualized dividend and a yield of 3.14%. The ex-dividend date was Wednesday, July 10th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC purchased a new position in Victoryshares Dividend Accelerator ETF during the 2nd quarter valued at about $26,000. Scarborough Advisors LLC bought a new stake in shares of Victoryshares Dividend Accelerator ETF in the 4th quarter valued at about $125,000. Landmark Wealth Management LLC boosted its stake in Victoryshares Dividend Accelerator ETF by 4.0% in the 4th quarter. Landmark Wealth Management LLC now owns 6,737 shares of the company’s stock worth $321,000 after purchasing an additional 259 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in Victoryshares Dividend Accelerator ETF by 6.8% in the 1st quarter. Thoroughbred Financial Services LLC now owns 7,238 shares of the company’s stock worth $364,000 after purchasing an additional 461 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Victoryshares Dividend Accelerator ETF in the 4th quarter worth approximately $566,000.

About Victoryshares Dividend Accelerator ETF

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.