Short Interest in Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) Increases By 566.7%

Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 4,000 shares, an increase of 566.7% from the August 15th total of 600 shares. Based on an average daily trading volume, of 9,900 shares, the short-interest ratio is currently 0.4 days.

Victoryshares Dividend Accelerator ETF Stock Up 0.3 %

NASDAQ:VSDA traded up $0.17 during mid-day trading on Thursday, reaching $51.69. 6,347 shares of the company were exchanged, compared to its average volume of 15,401. The stock has a market cap of $258.45 million, a PE ratio of 21.70 and a beta of 0.86. Victoryshares Dividend Accelerator ETF has a 12 month low of $41.26 and a 12 month high of $52.57. The company has a fifty day moving average of $50.53 and a 200 day moving average of $49.48.

Victoryshares Dividend Accelerator ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.1389 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.23%. This is a positive change from Victoryshares Dividend Accelerator ETF’s previous monthly dividend of $0.02. The ex-dividend date is Wednesday, September 11th.

Institutional Trading of Victoryshares Dividend Accelerator ETF

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

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.