VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Stock Short Interest Report for October

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) was the recipient of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 8,401 shares, a drop of 76.6% from the October 15th total of 35,974 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 32,285 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Allworth Financial LP acquired a new stake in shares of VictoryShares WestEnd US Sector ETF during the 3rd quarter worth about $78,000. Fifth Third Bancorp boosted its stake in VictoryShares WestEnd US Sector ETF by 38.3% in the third quarter. Fifth Third Bancorp now owns 6,442 shares of the company’s stock worth $337,000 after purchasing an additional 1,783 shares in the last quarter. Kuhn & Co Investment Counsel boosted its stake in VictoryShares WestEnd US Sector ETF by 0.7% in the third quarter. Kuhn & Co Investment Counsel now owns 54,916 shares of the company’s stock worth $2,874,000 after purchasing an additional 389 shares in the last quarter. MBL Wealth LLC grew its holdings in shares of VictoryShares WestEnd US Sector ETF by 2.8% during the third quarter. MBL Wealth LLC now owns 268,499 shares of the company’s stock worth $14,053,000 after purchasing an additional 7,315 shares during the last quarter. Finally, Fairvoy Private Wealth LLC grew its holdings in shares of VictoryShares WestEnd US Sector ETF by 28.7% during the third quarter. Fairvoy Private Wealth LLC now owns 129,589 shares of the company’s stock worth $6,783,000 after purchasing an additional 28,900 shares during the last quarter. 29.49% of the stock is currently owned by institutional investors and hedge funds.

VictoryShares WestEnd US Sector ETF Stock Performance

Shares of MODL stock traded down $0.18 during trading hours on Friday, hitting $52.13. The company had a trading volume of 22,192 shares, compared to its average volume of 69,549. VictoryShares WestEnd US Sector ETF has a 12 month low of $43.38 and a 12 month high of $53.45. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 58.57 and a beta of 0.94. The firm’s fifty day moving average is $52.56 and its 200 day moving average is $50.10.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 9th. Shareholders of record on Friday, November 6th were given a $0.0117 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.3%. This is a negative change from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0223. The ex-dividend date was Friday, November 6th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is currently 39.33%.

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.