VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Short Interest Up 136.8% in August

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 20,112 shares, a growth of 136.8% from the July 30th total of 8,493 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 26,251 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MODL. Kestra Advisory Services LLC bought a new stake in shares of VictoryShares WestEnd US Sector ETF during the fourth quarter valued at approximately $38,000. Capital Analysts LLC acquired a new stake in VictoryShares WestEnd US Sector ETF in the 4th quarter valued at approximately $126,000. Northwestern Mutual Wealth Management Co. bought a new stake in VictoryShares WestEnd US Sector ETF during the 3rd quarter valued at $184,000. Comerica Bank boosted its position 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 worth $207,000 after acquiring an additional 452 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new position in shares of VictoryShares WestEnd US Sector ETF in the third quarter worth $214,000. 29.49% of the stock is owned by institutional investors and hedge funds.

VictoryShares WestEnd US Sector ETF Price Performance

Shares of NASDAQ MODL traded down $0.13 during mid-day trading on Friday, hitting $53.08. The company had a trading volume of 24,507 shares, compared to its average volume of 78,180. VictoryShares WestEnd US Sector ETF has a 12 month low of $43.38 and a 12 month high of $53.43. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 59.64 and a beta of 0.93. The firm’s 50 day simple moving average is $51.65 and its two-hundred day simple moving average is $49.26.

VictoryShares WestEnd US Sector ETF Cuts Dividend

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

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.