Short Interest in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Declines By 17.4%

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 1,900 shares, a drop of 17.4% from the January 31st total of 2,300 shares. Based on an average trading volume of 10,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSMV. Great Valley Advisor Group Inc. grew its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 4.8% during the 4th quarter. Great Valley Advisor Group Inc. now owns 337,300 shares of the company’s stock worth $16,201,000 after buying an additional 15,351 shares during the last quarter. Two Sigma Investments LP grew its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 89.2% during the 4th quarter. Two Sigma Investments LP now owns 19,300 shares of the company’s stock worth $927,000 after buying an additional 9,100 shares during the last quarter. Cetera Investment Advisers grew its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 15.8% during the 4th quarter. Cetera Investment Advisers now owns 6,667 shares of the company’s stock worth $320,000 after buying an additional 912 shares during the last quarter. Raymond James Financial Inc. bought a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the 4th quarter worth $2,110,000. Finally, Independent Advisor Alliance bought a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the 4th quarter worth $496,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Trading Up 0.6 %

Shares of VSMV opened at $49.01 on Thursday. The firm has a market cap of $112.72 million, a price-to-earnings ratio of 22.96 and a beta of 0.79. The stock has a 50 day moving average of $48.91 and a 200-day moving average of $48.77. VictoryShares US Multi-Factor Minimum Volatility ETF has a 52 week low of $42.82 and a 52 week high of $50.71.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, February 7th were given a $0.0323 dividend. This is a positive change from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous dividend of $0.01. The ex-dividend date of this dividend was Friday, February 7th.

About VictoryShares US Multi-Factor Minimum Volatility ETF

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.