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

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 700 shares, a drop of 82.1% from the November 30th total of 3,900 shares. Based on an average daily volume of 12,700 shares, the days-to-cover ratio is currently 0.1 days.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

VictoryShares US Multi-Factor Minimum Volatility ETF stock opened at $48.96 on Friday. The business has a 50 day simple moving average of $49.27 and a 200-day simple moving average of $47.77. VictoryShares US Multi-Factor Minimum Volatility ETF has a 12 month low of $41.80 and a 12 month high of $50.71. The stock has a market capitalization of $132.19 million, a PE ratio of 18.68 and a beta of 0.79.

VictoryShares US Multi-Factor Minimum Volatility ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, December 12th were given a dividend of $0.1213 per share. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Trading of VictoryShares US Multi-Factor Minimum Volatility ETF

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the third quarter worth about $324,000. Lindenwold Advisors INC increased its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 5.2% during the 3rd quarter. Lindenwold Advisors INC now owns 5,548 shares of the company’s stock worth $270,000 after purchasing an additional 275 shares during the period. Finally, Tower Wealth Partners Inc. increased its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 2.3% during the 2nd quarter. Tower Wealth Partners Inc. now owns 405,459 shares of the company’s stock worth $18,424,000 after purchasing an additional 8,973 shares during the period.

VictoryShares US Multi-Factor Minimum Volatility ETF Company Profile

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.