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

VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 20,932 shares, a growth of 145.1% from the March 15th total of 8,539 shares. Based on an average daily volume of 59,739 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of VictoryShares WestEnd US Sector ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MODL. Victory Capital Management Inc. boosted its holdings in shares of 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 in the last quarter. LPL Financial LLC boosted its holdings in shares of VictoryShares WestEnd US Sector ETF by 33.5% in the fourth quarter. LPL Financial LLC now owns 1,094,146 shares of the company’s stock valued at $51,994,000 after acquiring an additional 274,425 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of VictoryShares WestEnd US Sector ETF by 14.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,263,932 shares of the company’s stock valued at $60,062,000 after acquiring an additional 156,576 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of VictoryShares WestEnd US Sector ETF by 176.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 235,138 shares of the company’s stock valued at $10,919,000 after acquiring an additional 149,935 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of VictoryShares WestEnd US Sector ETF by 12.4% in the third quarter. Raymond James Financial Inc. now owns 992,250 shares of the company’s stock valued at $45,858,000 after acquiring an additional 109,420 shares in the last quarter. Hedge funds and other institutional investors own 29.49% of the company’s stock.

VictoryShares WestEnd US Sector ETF Stock Performance

Shares of VictoryShares WestEnd US Sector ETF stock opened at $46.87 on Tuesday. VictoryShares WestEnd US Sector ETF has a 1 year low of $35.47 and a 1 year high of $48.23. The company has a market capitalization of $842.72 million, a P/E ratio of 52.66 and a beta of 0.94. The company’s fifty day moving average is $46.27 and its two-hundred day moving average is $46.86.

VictoryShares WestEnd US Sector ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 9th were issued a $0.0371 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a c) annualized dividend and a dividend yield of 1.0%. VictoryShares WestEnd US Sector ETF’s payout ratio is presently 38.20%.

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.