VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Short Interest Down 44.6% in July

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 8,493 shares, a decrease of 44.6% from the July 15th total of 15,327 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 37,118 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Several hedge funds and other institutional investors have recently modified their holdings of MODL. Truist Financial Corp grew its position in VictoryShares WestEnd US Sector ETF by 5.7% in the 4th quarter. Truist Financial Corp now owns 1,119,138 shares of the company’s stock worth $53,181,000 after purchasing an additional 60,079 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of VictoryShares WestEnd US Sector ETF by 5.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 539,939 shares of the company’s stock valued at $25,658,000 after buying an additional 30,182 shares during the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of VictoryShares WestEnd US Sector ETF during the fourth quarter valued at approximately $3,506,000. Bank of America Corp DE boosted its position 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 buying an additional 965,878 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in VictoryShares WestEnd US Sector ETF by 2.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock worth $57,599,000 after buying an additional 24,925 shares in the last quarter. Institutional investors and hedge funds own 29.49% of the company’s stock.

VictoryShares WestEnd US Sector ETF Stock Performance

Shares of VictoryShares WestEnd US Sector ETF stock traded down $0.20 on Monday, reaching $52.82. 43,819 shares of the company were exchanged, compared to its average volume of 79,068. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 59.35 and a beta of 0.93. VictoryShares WestEnd US Sector ETF has a 1-year low of $43.38 and a 1-year high of $53.35. The company’s 50-day moving average is $51.19 and its two-hundred day moving average is $48.94.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were given a $0.0137 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a c) annualized dividend and a yield of 0.3%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is currently 39.33%.

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.