Short Interest in VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) Increases By 142.2%

VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 4,309 shares, a growth of 142.2% from the June 15th total of 1,779 shares. Based on an average daily trading volume, of 9,480 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

VictoryShares WestEnd Global Equity ETF Stock Performance

Shares of NASDAQ:GLOW traded up $0.01 during mid-day trading on Tuesday, hitting $34.28. 13,244 shares of the company traded hands, compared to its average volume of 11,448. The firm has a market cap of $59.99 million, a P/E ratio of -83.61 and a beta of 0.81. VictoryShares WestEnd Global Equity ETF has a 52-week low of $27.98 and a 52-week high of $34.89. The firm’s 50 day simple moving average is $33.94 and its 200 day simple moving average is $32.31.

VictoryShares WestEnd Global Equity ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were given a $0.1411 dividend. This is a positive change from VictoryShares WestEnd Global Equity ETF’s previous dividend of $0.03. The ex-dividend date of this dividend was Thursday, July 9th. VictoryShares WestEnd Global Equity ETF’s dividend payout ratio is -102.44%.

Institutional Trading of VictoryShares WestEnd Global Equity ETF

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of VictoryShares WestEnd Global Equity ETF by 222.9% during the first quarter. Royal Bank of Canada now owns 10,282 shares of the company’s stock worth $310,000 after purchasing an additional 7,098 shares in the last quarter. Sanctuary Advisors LLC increased its stake in VictoryShares WestEnd Global Equity ETF by 5.0% during the 1st quarter. Sanctuary Advisors LLC now owns 36,289 shares of the company’s stock worth $1,095,000 after buying an additional 1,737 shares during the period. Janney Montgomery Scott LLC acquired a new position in VictoryShares WestEnd Global Equity ETF in the 1st quarter worth $2,343,000. Kestra Private Wealth Services LLC boosted its position in VictoryShares WestEnd Global Equity ETF by 6.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 36,835 shares of the company’s stock valued at $1,112,000 after buying an additional 2,299 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in VictoryShares WestEnd Global Equity ETF in the 4th quarter valued at about $237,000. Hedge funds and other institutional investors own 1.59% of the company’s stock.

VictoryShares WestEnd Global Equity ETF Company Profile

The VictoryShares WestEnd Global Equity ETF (GLOW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds, seeking long-term capital appreciation through investments in equity ETFs. Selection is based on various macroeconomic indicators and key ETF factors. GLOW was launched on Jun 20, 2024 and is issued by VictoryShares.