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

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 15,327 shares, a drop of 82.7% from the June 30th total of 88,395 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 83,292 shares, the short-interest ratio is presently 0.2 days.

VictoryShares WestEnd US Sector ETF Stock Up 0.1%

MODL traded up $0.06 during midday trading on Friday, hitting $50.71. 36,794 shares of the company were exchanged, compared to its average volume of 84,451. The firm has a market capitalization of $1.02 billion, a P/E ratio of 56.98 and a beta of 0.93. VictoryShares WestEnd US Sector ETF has a 1-year low of $43.09 and a 1-year high of $51.78. The firm’s 50 day moving average price is $50.75 and its 200-day moving average price is $48.47.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were given a dividend of $0.0221 per share. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, July 9th. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is 39.33%.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in VictoryShares WestEnd US Sector ETF by 7.8% in the fourth quarter. Victory Capital Management Inc. now owns 5,480,761 shares of the company’s stock valued at $260,446,000 after acquiring an additional 395,473 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in VictoryShares WestEnd US Sector ETF by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,288,857 shares of the company’s stock worth $57,599,000 after purchasing an additional 24,925 shares during the last quarter. Truist Financial Corp raised its holdings in VictoryShares WestEnd US Sector ETF by 5.7% during the 4th quarter. Truist Financial Corp now owns 1,119,138 shares of the company’s stock worth $53,181,000 after purchasing an additional 60,079 shares during the last quarter. LPL Financial LLC lifted its position in shares of VictoryShares WestEnd US Sector ETF by 33.5% in the 4th quarter. LPL Financial LLC now owns 1,094,146 shares of the company’s stock worth $51,994,000 after purchasing an additional 274,425 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of VictoryShares WestEnd US Sector ETF by 12.4% in the 3rd quarter. Raymond James Financial Inc. now owns 992,250 shares of the company’s stock worth $45,858,000 after purchasing an additional 109,420 shares during the period. 29.49% of the stock is 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.