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 target 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 shares of the company are short sold. Based on an average daily trading volume, of 4,301 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. bought a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the fourth quarter worth about $64,000. Global Retirement Partners LLC lifted its position 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 during the last quarter. Valley Financial Group Inc. acquired a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 3rd quarter worth about $206,000. Lindenwold Advisors INC boosted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 29.2% during the 3rd quarter. Lindenwold Advisors INC now owns 6,786 shares of the company’s stock valued at $364,000 after purchasing an additional 1,534 shares during the period. Finally, Truist Financial Corp boosted its stake in 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 valued at $460,000 after purchasing an additional 2,262 shares during the period.

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

NASDAQ:VSMV opened at $58.88 on Friday. VictoryShares US Multi-Factor Minimum Volatility ETF has a 1 year low of $48.71 and a 1 year high of $60.91. The firm’s fifty day simple moving average is $59.40 and its 200 day simple moving average is $57.78. The firm has a market capitalization of $153.09 million, a PE ratio of 18.64 and a beta of 0.69.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

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

About VictoryShares US Multi-Factor Minimum Volatility ETF

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.