VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Stock Short Interest Report for October

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 35,974 shares, an increase of 81.6% from the September 30th total of 19,808 shares. Based on an average daily volume of 45,196 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the stock are sold short.

VictoryShares WestEnd US Sector ETF Stock Performance

Shares of VictoryShares WestEnd US Sector ETF stock opened at $51.73 on Tuesday. The business’s 50 day moving average price is $52.70 and its 200 day moving average price is $49.92. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 58.12 and a beta of 0.94. VictoryShares WestEnd US Sector ETF has a one year low of $43.38 and a one year high of $53.45.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were paid a $0.0223 dividend. This is a drop from VictoryShares WestEnd US Sector ETF’s previous monthly dividend of $0.0475. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.5%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is 39.33%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Bancorp acquired a new position in VictoryShares WestEnd US Sector ETF in the 1st quarter valued at about $208,000. Pine Valley Investments Ltd Liability Co boosted its position in shares of VictoryShares WestEnd US Sector ETF by 110.9% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 13,449 shares of the company’s stock worth $601,000 after purchasing an additional 7,073 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of VictoryShares WestEnd US Sector ETF by 86.4% during the second quarter. Concurrent Investment Advisors LLC now owns 13,788 shares of the company’s stock worth $703,000 after buying an additional 6,391 shares during the period. Arkadios Wealth Advisors grew its position in VictoryShares WestEnd US Sector ETF by 5.3% in the 1st quarter. Arkadios Wealth Advisors now owns 22,611 shares of the company’s stock valued at $1,010,000 after acquiring an additional 1,142 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of VictoryShares WestEnd US Sector ETF by 10.0% in the first quarter. Private Advisor Group LLC now owns 23,890 shares of the company’s stock valued at $1,068,000 after purchasing an additional 2,176 shares in the last quarter. Institutional investors and hedge funds own 29.49% of the company’s stock.

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.