Short Interest in VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Drops By 82.7%

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 15,327 shares, a decline of 82.7% from the June 30th total of 88,395 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 83,292 shares, the days-to-cover ratio is presently 0.2 days.

VictoryShares WestEnd US Sector ETF Stock Up 0.1%

Shares of NASDAQ:MODL traded up $0.04 on Monday, hitting $50.75. The company had a trading volume of 38,805 shares, compared to its average volume of 84,127. The firm’s 50-day simple moving average is $50.75 and its two-hundred day simple moving average is $48.48. VictoryShares WestEnd US Sector ETF has a 1 year low of $43.09 and a 1 year high of $51.78. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 57.02 and a beta of 0.93.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were paid a $0.0221 dividend. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, July 9th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is presently 39.33%.

Institutional Trading of VictoryShares WestEnd US Sector ETF

Large investors have recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new position in shares of VictoryShares WestEnd US Sector ETF in the 4th quarter valued at approximately $38,000. Allworth Financial LP purchased a new stake in VictoryShares WestEnd US Sector ETF in the third quarter worth $78,000. Capital Analysts LLC purchased a new stake in VictoryShares WestEnd US Sector ETF in the fourth quarter worth $126,000. Northwestern Mutual Wealth Management Co. purchased a new stake in VictoryShares WestEnd US Sector ETF in the third quarter worth $184,000. Finally, Comerica Bank raised its holdings in VictoryShares WestEnd US Sector ETF by 11.2% in the third 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. 29.49% of the stock is owned by institutional investors.

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.