VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Short Interest Update

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 46,158 shares, a growth of 92.3% from the May 31st total of 23,999 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 75,367 shares, the days-to-cover ratio is currently 0.6 days.

VictoryShares WestEnd US Sector ETF Stock Up 0.4%

NASDAQ:MODL traded up $0.20 during trading hours on Wednesday, reaching $51.17. The company had a trading volume of 82,932 shares, compared to its average volume of 87,294. The stock has a 50-day moving average of $49.99 and a two-hundred day moving average of $48.01. VictoryShares WestEnd US Sector ETF has a one year low of $42.91 and a one year high of $51.29. The firm has a market capitalization of $971.70 million, a PE ratio of 57.49 and a beta of 0.94.

VictoryShares WestEnd US Sector ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th were issued a $0.048 dividend. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 9th. This is a positive change from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.01. VictoryShares WestEnd US Sector ETF’s payout ratio is currently 40.45%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in VictoryShares WestEnd US Sector ETF during the fourth quarter worth about $38,000. Allworth Financial LP bought a new stake in VictoryShares WestEnd US Sector ETF during the 3rd quarter worth approximately $78,000. Capital Analysts LLC bought a new stake in VictoryShares WestEnd US Sector ETF during the 4th quarter worth approximately $126,000. Northwestern Mutual Wealth Management Co. acquired a new stake in VictoryShares WestEnd US Sector ETF during the 3rd quarter valued at $184,000. Finally, Comerica Bank increased its holdings in VictoryShares WestEnd US Sector ETF by 11.2% during the 3rd quarter. Comerica Bank now owns 4,483 shares of the company’s stock valued at $207,000 after purchasing an additional 452 shares in the last quarter. 29.49% of the stock is currently owned by institutional investors and hedge funds.

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.