Short Interest in VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) Drops By 36.7%

VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 15,405 shares, a decline of 36.7% from the April 15th total of 24,354 shares. Based on an average trading volume of 8,222 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Trading of VictoryShares Dividend Accelerator ETF

Institutional investors have recently modified their holdings of the business. Western Wealth Management LLC bought a new stake in shares of VictoryShares Dividend Accelerator ETF in the first quarter worth $51,000. Farther Finance Advisors LLC bought a new stake in shares of VictoryShares Dividend Accelerator ETF in the fourth quarter worth $72,000. Empowered Funds LLC bought a new stake in shares of VictoryShares Dividend Accelerator ETF in the fourth quarter worth $97,000. Advisory Services Network LLC bought a new stake in shares of VictoryShares Dividend Accelerator ETF in the third quarter worth $117,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of VictoryShares Dividend Accelerator ETF in the fourth quarter worth $120,000.

VictoryShares Dividend Accelerator ETF Price Performance

VSDA opened at $54.74 on Wednesday. The company’s 50 day moving average price is $54.98 and its two-hundred day moving average price is $54.75. The firm has a market capitalization of $229.91 million, a price-to-earnings ratio of 18.24 and a beta of 0.81. VictoryShares Dividend Accelerator ETF has a fifty-two week low of $49.96 and a fifty-two week high of $59.18.

VictoryShares Dividend Accelerator ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were paid a $0.0702 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a c) annualized dividend and a dividend yield of 1.5%.

About VictoryShares Dividend Accelerator ETF

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.