VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Sees Significant Growth in Short Interest

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV – Get Rating) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 1,100 shares, a growth of 57.1% from the February 13th total of 700 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of VictoryShares US Multi-Factor Minimum Volatility ETF

A number of hedge funds and other institutional investors have recently modified their holdings of VSMV. UBS Group AG grew its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 34.5% in the 1st quarter. UBS Group AG now owns 3,130 shares of the company’s stock worth $130,000 after buying an additional 802 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the 1st quarter worth about $221,000. Bank of America Corp DE grew its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 3.4% in the 1st quarter. Bank of America Corp DE now owns 21,957 shares of the company’s stock worth $913,000 after buying an additional 725 shares during the period. Tower Wealth Partners Inc. grew its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 7.9% in the 2nd quarter. Tower Wealth Partners Inc. now owns 447,204 shares of the company’s stock worth $16,406,000 after buying an additional 32,709 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the 2nd quarter worth about $596,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Trading Down 1.0 %

Shares of NASDAQ VSMV opened at $36.84 on Friday. VictoryShares US Multi-Factor Minimum Volatility ETF has a 12 month low of $34.52 and a 12 month high of $42.61. The firm has a market capitalization of $119.73 million, a PE ratio of 16.26 and a beta of 0.80. The firm has a fifty day simple moving average of $38.48 and a two-hundred day simple moving average of $37.89.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 14th. Stockholders of record on Monday, February 13th were given a $0.066 dividend. The ex-dividend date was Friday, February 10th. This is an increase from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.01. This represents a $0.79 dividend on an annualized basis and a dividend yield of 2.15%.

About VictoryShares US Multi-Factor Minimum Volatility ETF

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The VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks, selected and weighted based on multiple factors. ETF optimization and constraints are used in order to minimize volatility.