VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Sees Large Increase in Short Interest

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,845 shares, an increase of 359.6% from the July 15th total of 619 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 6,065 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

A number of hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. bought a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the fourth quarter worth $64,000. Global Retirement Partners LLC increased its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock valued at $161,000 after purchasing an additional 226 shares during the period. Valley Financial Group Inc. bought a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the 3rd quarter worth $206,000. Truist Financial Corp raised its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% during the 4th quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock worth $460,000 after purchasing an additional 2,262 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 7.1% during the 3rd quarter. Two Sigma Investments LP now owns 12,100 shares of the company’s stock worth $649,000 after buying an additional 800 shares during the period.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

NASDAQ:VSMV opened at $60.46 on Wednesday. The firm’s 50 day simple moving average is $59.87 and its 200 day simple moving average is $58.74. VictoryShares US Multi-Factor Minimum Volatility ETF has a one year low of $50.33 and a one year high of $61.62. The company has a market cap of $157.20 million, a PE ratio of 18.64 and a beta of 0.69.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were paid a dividend of $0.0298 per share. The ex-dividend date of this dividend was Friday, August 7th.

About VictoryShares US Multi-Factor Minimum Volatility ETF

The VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks, selected and weighted based on multiple factors. ETF optimization and constraints are used in order to minimize volatility. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.