VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Short Interest Up 136.8% in August

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 20,112 shares, a growth of 136.8% from the July 30th total of 8,493 shares. Based on an average daily trading volume, of 26,251 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the shares of the stock are short sold.

VictoryShares WestEnd US Sector ETF Price Performance

Shares of VictoryShares WestEnd US Sector ETF stock traded down $0.13 on Friday, hitting $53.08. The company had a trading volume of 24,507 shares, compared to its average volume of 78,180. VictoryShares WestEnd US Sector ETF has a 52 week low of $43.38 and a 52 week high of $53.43. The company has a market cap of $1.07 billion, a PE ratio of 59.64 and a beta of 0.93. The business has a 50-day simple moving average of $51.65 and a 200-day simple moving average of $49.26.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were issued a $0.0137 dividend. The ex-dividend date was Friday, August 7th. This represents a c) annualized dividend and a dividend yield of 0.3%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is 39.33%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in VictoryShares WestEnd US Sector ETF in the fourth quarter worth about $38,000. Capital Analysts LLC acquired a new position in shares of VictoryShares WestEnd US Sector ETF in the 4th quarter worth approximately $126,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of VictoryShares WestEnd US Sector ETF in the 3rd quarter worth approximately $184,000. Comerica Bank raised its holdings in shares of VictoryShares WestEnd US Sector ETF by 11.2% in the 3rd quarter. Comerica Bank now owns 4,483 shares of the company’s stock worth $207,000 after purchasing an additional 452 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in VictoryShares WestEnd US Sector ETF during the first quarter worth approximately $208,000. 29.49% of the stock is owned by institutional investors and hedge funds.

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.