VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) Sees Significant Drop in Short Interest

VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 11,131 shares, a decline of 41.5% from the August 31st total of 19,027 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 5,290 shares, the short-interest ratio is currently 2.1 days.

VictoryShares Dividend Accelerator ETF Stock Performance

Shares of VictoryShares Dividend Accelerator ETF stock opened at $56.13 on Friday. VictoryShares Dividend Accelerator ETF has a 1 year low of $51.14 and a 1 year high of $61.22. The firm’s 50-day simple moving average is $59.10 and its 200-day simple moving average is $57.10. The firm has a market cap of $207.70 million, a PE ratio of 18.24 and a beta of 0.77.

VictoryShares Dividend Accelerator ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, September 9th were issued a $0.1846 dividend. This is an increase from VictoryShares Dividend Accelerator ETF’s previous monthly dividend of $0.0364. This represents a $2.22 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, September 9th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new stake in shares of VictoryShares Dividend Accelerator ETF in the 2nd quarter worth about $428,000. Citadel Advisors LLC boosted its stake in VictoryShares Dividend Accelerator ETF by 16.1% during the 2nd quarter. Citadel Advisors LLC now owns 29,241 shares of the company’s stock valued at $1,701,000 after purchasing an additional 4,047 shares during the period. Rockefeller Capital Management L.P. boosted its stake in VictoryShares Dividend Accelerator ETF by 159.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,989 shares of the company’s stock valued at $263,000 after purchasing an additional 3,065 shares during the period. Finally, Western Wealth Management LLC bought a new position in VictoryShares Dividend Accelerator ETF in the 1st quarter worth about $51,000.

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.