Short Interest in VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) Decreases By 80.7%

VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 1,458 shares, a decline of 80.7% from the July 30th total of 7,570 shares. Based on an average daily trading volume, of 14,922 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

VictoryShares WestEnd Global Equity ETF Stock Performance

NASDAQ GLOW traded down $0.05 during trading hours on Wednesday, reaching $35.41. The company’s stock had a trading volume of 5,646 shares, compared to its average volume of 11,173. The company’s 50-day moving average is $34.59 and its two-hundred day moving average is $33.03. VictoryShares WestEnd Global Equity ETF has a fifty-two week low of $28.67 and a fifty-two week high of $35.58. The stock has a market cap of $65.86 million, a PE ratio of -86.37 and a beta of 0.82.

VictoryShares WestEnd Global Equity ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were given a $0.1411 dividend. This is a boost from VictoryShares WestEnd Global Equity ETF’s previous dividend of $0.03. The ex-dividend date was Thursday, July 9th. VictoryShares WestEnd Global Equity ETF’s dividend payout ratio (DPR) is currently -102.44%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its position in shares of VictoryShares WestEnd Global Equity ETF by 222.9% during the 1st quarter. Royal Bank of Canada now owns 10,282 shares of the company’s stock worth $310,000 after purchasing an additional 7,098 shares during the last quarter. Sanctuary Advisors LLC increased its position in VictoryShares WestEnd Global Equity ETF by 5.0% during the first quarter. Sanctuary Advisors LLC now owns 36,289 shares of the company’s stock worth $1,095,000 after buying an additional 1,737 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in VictoryShares WestEnd Global Equity ETF during the first quarter worth $2,343,000. Kestra Private Wealth Services LLC raised its holdings in shares of VictoryShares WestEnd Global Equity ETF by 6.7% in the first quarter. Kestra Private Wealth Services LLC now owns 36,835 shares of the company’s stock worth $1,112,000 after acquiring an additional 2,299 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of VictoryShares WestEnd Global Equity ETF in the fourth quarter valued at $237,000. 1.59% of the stock is owned by hedge funds and other institutional investors.

About VictoryShares WestEnd Global Equity ETF

The VictoryShares WestEnd Global Equity ETF (GLOW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund-of-funds, seeking long-term capital appreciation through investments in equity ETFs. Selection is based on various macroeconomic indicators and key ETF factors. GLOW was launched on Jun 20, 2024 and is issued by VictoryShares.