VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Shares Shorted: Short Interest Up 65.8% in September

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 31,478 shares, a growth of 65.8% from the August 31st total of 18,991 shares. Based on an average daily trading volume, of 74,584 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

VictoryShares WestEnd US Sector ETF Price Performance

NASDAQ:MODL traded up $0.10 during midday trading on Wednesday, reaching $52.60. The stock had a trading volume of 72,562 shares, compared to its average volume of 75,179. The stock has a market capitalization of $1.06 billion, a P/E ratio of 59.10 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 $53.43. The firm’s fifty day simple moving average is $52.38 and its 200-day simple moving average is $50.16.

VictoryShares WestEnd US Sector ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were issued a $0.0475 dividend. This is an increase from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0137. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $0.57 dividend on an annualized basis and a yield of 1.1%. VictoryShares WestEnd US Sector ETF’s payout ratio is 41.57%.

Institutional Investors Weigh In On VictoryShares WestEnd US Sector ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its position in VictoryShares WestEnd US Sector ETF by 2.0% during the first quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock worth $57,599,000 after acquiring an additional 24,925 shares during the period. Bank of America Corp DE grew its position in VictoryShares WestEnd US Sector ETF by 48,293.9% in the 1st 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 last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of VictoryShares WestEnd US Sector ETF by 5.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 539,939 shares of the company’s stock worth $25,658,000 after purchasing an additional 30,182 shares during the period. Royal Bank of Canada increased its holdings in shares of VictoryShares WestEnd US Sector ETF by 29.5% during the 1st 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 period. Finally, Envestnet Asset Management Inc. raised its position in shares of VictoryShares WestEnd US Sector ETF by 97.4% during the second quarter. Envestnet Asset Management Inc. now owns 383,308 shares of the company’s stock valued at $19,537,000 after buying an additional 189,095 shares during the last quarter. Institutional investors and hedge funds own 29.49% of the company’s stock.

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.