Short Interest in VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) Drops By 42.7%

VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,779 shares, a drop of 42.7% from the May 31st total of 3,104 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 10,892 shares, the short-interest ratio is presently 0.2 days.

VictoryShares WestEnd Global Equity ETF Stock Down 0.2%

Shares of VictoryShares WestEnd Global Equity ETF stock traded down $0.07 on Thursday, reaching $34.41. The company’s stock had a trading volume of 5,113 shares, compared to its average volume of 11,238. VictoryShares WestEnd Global Equity ETF has a 52-week low of $27.98 and a 52-week high of $34.86. The company has a market capitalization of $58.15 million, a P/E ratio of -83.93 and a beta of 0.81. The stock has a 50-day moving average price of $33.60 and a 200-day moving average price of $32.10.

VictoryShares WestEnd Global Equity ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 9th were issued a $0.0277 dividend. The ex-dividend date was Thursday, April 9th. VictoryShares WestEnd Global Equity ETF’s payout ratio is presently -92.68%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GLOW. CWM LLC purchased a new position in shares of VictoryShares WestEnd Global Equity ETF during the 4th quarter worth $24,143,000. Janney Montgomery Scott LLC purchased a new stake in VictoryShares WestEnd Global Equity ETF in the 1st quarter valued at about $2,343,000. Kestra Private Wealth Services LLC raised its position in VictoryShares WestEnd Global Equity ETF by 6.7% in the first quarter. Kestra Private Wealth Services LLC now owns 36,835 shares of the company’s stock valued at $1,112,000 after purchasing an additional 2,299 shares during the period. Sanctuary Advisors LLC lifted its stake in VictoryShares WestEnd Global Equity ETF by 5.0% during the first quarter. Sanctuary Advisors LLC now owns 36,289 shares of the company’s stock worth $1,095,000 after purchasing an additional 1,737 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of VictoryShares WestEnd Global Equity ETF by 222.9% in the first quarter. Royal Bank of Canada now owns 10,282 shares of the company’s stock valued at $310,000 after buying an additional 7,098 shares in the last quarter. 1.59% of the stock is owned by hedge funds and other institutional investors.

About VictoryShares WestEnd Global Equity ETF

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.