Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) Short Interest Up 50.0% in August

Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 600 shares, an increase of 50.0% from the July 31st total of 400 shares. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Victoryshares Dividend Accelerator ETF

Several hedge funds and other institutional investors have recently made changes to their positions in VSDA. Great Valley Advisor Group Inc. raised its stake in Victoryshares Dividend Accelerator ETF by 5.8% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 337,735 shares of the company’s stock valued at $16,319,000 after acquiring an additional 18,646 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Victoryshares Dividend Accelerator ETF by 98.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 118,768 shares of the company’s stock valued at $5,738,000 after purchasing an additional 58,798 shares in the last quarter. DDD Partners LLC increased its position in shares of Victoryshares Dividend Accelerator ETF by 3.2% during the 2nd quarter. DDD Partners LLC now owns 87,924 shares of the company’s stock valued at $4,248,000 after purchasing an additional 2,751 shares during the period. Gladstone Institutional Advisory LLC raised its stake in shares of Victoryshares Dividend Accelerator ETF by 1.0% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 78,214 shares of the company’s stock worth $3,721,000 after buying an additional 800 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Victoryshares Dividend Accelerator ETF by 104.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 42,363 shares of the company’s stock valued at $2,047,000 after buying an additional 21,692 shares during the last quarter.

Victoryshares Dividend Accelerator ETF Stock Performance

Shares of Victoryshares Dividend Accelerator ETF stock traded down $0.10 during trading on Friday, hitting $51.94. 9,608 shares of the stock were exchanged, compared to its average volume of 15,595. The stock has a market cap of $259.70 million, a PE ratio of 21.70 and a beta of 0.86. The stock’s fifty day moving average is $49.88 and its 200 day moving average is $49.20. Victoryshares Dividend Accelerator ETF has a 12 month low of $41.26 and a 12 month high of $52.28.

Victoryshares Dividend Accelerator ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 9th. Shareholders of record on Thursday, August 8th were paid a $0.0232 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.28 annualized dividend and a dividend yield of 0.54%.

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.