VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Sees Significant Drop in Short Interest

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 8,493 shares, a drop of 44.6% from the July 15th total of 15,327 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 37,118 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On VictoryShares WestEnd US Sector ETF

Institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in shares of VictoryShares WestEnd US Sector ETF during the fourth quarter valued at about $38,000. Capital Analysts LLC acquired a new position in VictoryShares WestEnd US Sector ETF during the 4th quarter worth about $126,000. Northwestern Mutual Wealth Management Co. acquired a new position in VictoryShares WestEnd US Sector ETF during the 3rd quarter worth about $184,000. Comerica Bank boosted 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 acquiring an additional 452 shares during the period. Finally, Fifth Third Bancorp purchased a new position in VictoryShares WestEnd US Sector ETF during the 1st quarter valued at about $208,000. 29.49% of the stock is owned by hedge funds and other institutional investors.

VictoryShares WestEnd US Sector ETF Price Performance

MODL traded down $0.21 on Tuesday, reaching $52.61. 68,905 shares of the company’s stock were exchanged, compared to its average volume of 79,004. The stock has a market cap of $1.06 billion, a PE ratio of 59.11 and a beta of 0.93. VictoryShares WestEnd US Sector ETF has a twelve month low of $43.38 and a twelve month high of $53.35. The stock’s fifty day moving average price is $51.24 and its 200-day moving average price is $48.97.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Investors of record on Friday, August 7th were issued a $0.0137 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio is currently 39.33%.

About VictoryShares WestEnd US Sector ETF

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.