Short Interest in VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Expands By 92.3%

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 46,158 shares, an increase of 92.3% from the May 31st total of 23,999 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 75,367 shares, the days-to-cover ratio is currently 0.6 days.

VictoryShares WestEnd US Sector ETF Stock Performance

MODL traded up $0.04 on Thursday, reaching $51.14. The company had a trading volume of 48,445 shares, compared to its average volume of 87,078. VictoryShares WestEnd US Sector ETF has a 52-week low of $42.97 and a 52-week high of $51.53. The company has a market cap of $971.22 million, a price-to-earnings ratio of 57.46 and a beta of 0.94. The business has a 50 day simple moving average of $50.05 and a 200 day simple moving average of $48.04.

VictoryShares WestEnd US Sector ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were paid a $0.048 dividend. This is an increase from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.01. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 9th. VictoryShares WestEnd US Sector ETF’s payout ratio is currently 40.45%.

Institutional Trading of VictoryShares WestEnd US Sector ETF

Several hedge funds have recently added to or reduced their stakes in the business. Pine Valley Investments Ltd Liability Co grew its holdings in VictoryShares WestEnd US Sector ETF by 110.9% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 13,449 shares of the company’s stock worth $601,000 after acquiring an additional 7,073 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of VictoryShares WestEnd US Sector ETF by 48,293.9% during the first 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 during the period. Arkadios Wealth Advisors boosted its holdings in shares of VictoryShares WestEnd US Sector ETF by 5.3% during the first quarter. Arkadios Wealth Advisors now owns 22,611 shares of the company’s stock worth $1,010,000 after purchasing an additional 1,142 shares during the period. Royal Bank of Canada grew its stake in shares of VictoryShares WestEnd US Sector ETF by 29.5% in the first quarter. Royal Bank of Canada now owns 472,306 shares of the company’s stock worth $21,107,000 after purchasing an additional 107,520 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of VictoryShares WestEnd US Sector ETF by 5.6% in the first quarter. D.A. Davidson & CO. now owns 108,045 shares of the company’s stock worth $4,829,000 after purchasing an additional 5,716 shares during the last quarter. 29.49% of the stock is owned by institutional investors.

About VictoryShares WestEnd US Sector ETF

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.