Short Interest in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Declines By 83.8%

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 298 shares, a decline of 83.8% from the April 30th total of 1,839 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 5,389 shares, the short-interest ratio is presently 0.1 days.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

NASDAQ:VSMV traded down $0.08 during trading hours on Friday, hitting $60.15. 3,076 shares of the company were exchanged, compared to its average volume of 6,520. The stock has a market capitalization of $156.39 million, a price-to-earnings ratio of 18.64 and a beta of 0.69. VictoryShares US Multi-Factor Minimum Volatility ETF has a 52-week low of $48.39 and a 52-week high of $60.74. The company’s 50 day moving average price is $58.34 and its 200-day moving average price is $57.04.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were given a dividend of $0.0355 per share. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, May 8th.

Institutional Trading of VictoryShares US Multi-Factor Minimum Volatility ETF

Several large investors have recently bought and sold shares of VSMV. Royal Bank of Canada grew its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 99,816 shares of the company’s stock worth $4,834,000 after purchasing an additional 503 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 1.6% during the second quarter. Raymond James Financial Inc. now owns 52,626 shares of the company’s stock worth $2,594,000 after purchasing an additional 822 shares during the last quarter. Tower Wealth Partners Inc. raised its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 0.7% during the third quarter. Tower Wealth Partners Inc. now owns 415,876 shares of the company’s stock worth $22,316,000 after purchasing an additional 2,849 shares during the last quarter. Two Sigma Investments LP boosted its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 7.1% during the third quarter. Two Sigma Investments LP now owns 12,100 shares of the company’s stock worth $649,000 after buying an additional 800 shares in the last quarter. Finally, Valley Financial Group Inc. acquired a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the third quarter worth $206,000.

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. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.