VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) Short Interest Up 475.2% in August

VictoryShares WestEnd Global Equity ETF (NASDAQ:GLOW) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 8,386 shares, a growth of 475.2% from the August 15th total of 1,458 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 5,527 shares, the days-to-cover ratio is currently 1.5 days.

VictoryShares WestEnd Global Equity ETF Stock Performance

GLOW traded up $0.26 during midday trading on Friday, reaching $34.84. The company had a trading volume of 12,262 shares, compared to its average volume of 10,911. The stock has a market cap of $64.80 million, a PE ratio of -84.98 and a beta of 0.82. The business has a 50-day moving average price of $34.80 and a two-hundred day moving average price of $33.31. VictoryShares WestEnd Global Equity ETF has a 12-month low of $29.27 and a 12-month high of $35.58.

VictoryShares WestEnd Global Equity ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were given a dividend of $0.1411 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from VictoryShares WestEnd Global Equity ETF’s previous monthly dividend of $0.03. VictoryShares WestEnd Global Equity ETF’s payout ratio is currently -102.44%.

Hedge Funds Weigh In On VictoryShares WestEnd Global Equity ETF

Several large investors have recently modified their holdings of GLOW. Citadel Advisors LLC bought a new stake in shares of VictoryShares WestEnd Global Equity ETF during the 3rd quarter valued at $232,000. Cary Street Partners Financial LLC grew its holdings in shares of VictoryShares WestEnd Global Equity ETF by 21.5% during the fourth quarter. Cary Street Partners Financial LLC now owns 8,490 shares of the company’s stock worth $262,000 after purchasing an additional 1,500 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of VictoryShares WestEnd Global Equity ETF during the fourth quarter worth about $237,000. Royal Bank of Canada increased its holdings in shares of VictoryShares WestEnd Global Equity ETF by 4,514.5% in the 4th quarter. Royal Bank of Canada now owns 3,184 shares of the company’s stock worth $98,000 after buying an additional 3,115 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in 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 valued at $1,112,000 after acquiring an additional 2,299 shares during the last quarter. Hedge funds and other institutional investors own 1.59% of the company’s stock.

VictoryShares WestEnd Global Equity ETF Company Profile

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.