VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Short Interest Update

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 27,275 shares, an increase of 86.8% from the April 15th total of 14,598 shares. Based on an average daily volume of 37,533 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are sold short.

VictoryShares WestEnd US Sector ETF Trading Down 0.3%

Shares of MODL traded down $0.15 during trading hours on Tuesday, reaching $49.82. The stock had a trading volume of 114,875 shares, compared to its average volume of 95,071. VictoryShares WestEnd US Sector ETF has a 12 month low of $40.02 and a 12 month high of $50.60. The firm has a 50-day simple moving average of $47.08 and a 200 day simple moving average of $47.27. The company has a market capitalization of $946.08 million, a price-to-earnings ratio of 55.98 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were issued a $0.0134 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, May 8th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is currently 38.20%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

A number of large investors have recently modified their holdings of MODL. Bank of America Corp DE lifted its holdings in shares of VictoryShares WestEnd US Sector ETF by 48,293.9% in the 1st quarter. Bank of America Corp DE now owns 967,878 shares of the company’s stock worth $43,254,000 after purchasing an additional 965,878 shares in the last quarter. Victory Capital Management Inc. lifted its stake in VictoryShares WestEnd US Sector ETF by 7.8% during the 4th quarter. Victory Capital Management Inc. now owns 5,480,761 shares of the company’s stock valued at $260,446,000 after acquiring an additional 395,473 shares in the last quarter. LPL Financial LLC lifted its stake in VictoryShares WestEnd US Sector ETF by 33.5% during the 4th quarter. LPL Financial LLC now owns 1,094,146 shares of the company’s stock valued at $51,994,000 after acquiring an additional 274,425 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in VictoryShares WestEnd US Sector ETF by 14.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,263,932 shares of the company’s stock valued at $60,062,000 after acquiring an additional 156,576 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in VictoryShares WestEnd US Sector ETF by 176.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 235,138 shares of the company’s stock valued at $10,919,000 after acquiring an additional 149,935 shares in the last quarter. 29.49% of the stock is currently owned by institutional investors.

VictoryShares WestEnd US Sector ETF Company Profile

M*Modal IP LLC, formerly known as Medquist Holdings, Inc, is a United States-based company, which provides clinical transcription services, clinical documentation workflow solutions, cloud-based Speech Understanding technology, and unstructured data analytics. The Company also offers voice to text solutions to capture the patient story, codifies the doctors narrative to populate EHRs and other healthcare information systems, delivers computer-assisted coding to support ICD-9 and the transition to ICD-10, and provides analytical tools.