VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) Sees Large Increase in Short Interest

VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 19,027 shares, an increase of 67.3% from the August 15th total of 11,374 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 9,045 shares, the short-interest ratio is currently 2.1 days.

VictoryShares Dividend Accelerator ETF Trading Down 0.9%

VSDA opened at $57.34 on Thursday. The company has a market cap of $172.61 million, a price-to-earnings ratio of 18.24 and a beta of 0.77. The stock has a fifty day simple moving average of $59.38 and a two-hundred day simple moving average of $57.06. VictoryShares Dividend Accelerator ETF has a 12-month low of $51.14 and a 12-month high of $61.22.

VictoryShares Dividend Accelerator ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, September 9th were paid a $0.1846 dividend. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Wednesday, September 9th. This is a positive change from VictoryShares Dividend Accelerator ETF’s previous monthly dividend of $0.04.

Hedge Funds Weigh In On VictoryShares Dividend Accelerator ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC bought a new position in VictoryShares Dividend Accelerator ETF during the 2nd quarter valued at about $428,000. Citadel Advisors LLC grew its stake in shares of VictoryShares Dividend Accelerator ETF by 16.1% in the second quarter. Citadel Advisors LLC now owns 29,241 shares of the company’s stock worth $1,701,000 after acquiring an additional 4,047 shares during the period. Western Wealth Management LLC purchased a new position in shares of VictoryShares Dividend Accelerator ETF during the first quarter valued at approximately $51,000. Rockefeller Capital Management L.P. lifted its position in VictoryShares Dividend Accelerator ETF by 159.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,989 shares of the company’s stock valued at $263,000 after purchasing an additional 3,065 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in VictoryShares Dividend Accelerator ETF by 144.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 42,906 shares of the company’s stock valued at $2,265,000 after purchasing an additional 25,341 shares during the period.

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.