Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) Short Interest Update

Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 11,200 shares, a growth of 148.9% from the December 15th total of 4,500 shares. Based on an average trading volume of 20,900 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VSDA. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Victoryshares Dividend Accelerator ETF by 98.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 118,768 shares of the company’s stock valued at $5,738,000 after purchasing an additional 58,798 shares during the period. Cornerstone Wealth Management LLC purchased a new position in Victoryshares Dividend Accelerator ETF in the 3rd quarter valued at $216,000. Integrated Advisors Network LLC increased its stake in Victoryshares Dividend Accelerator ETF by 28.2% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,472 shares of the company’s stock valued at $291,000 after buying an additional 1,203 shares during the period. Gladstone Institutional Advisory LLC raised its position in Victoryshares Dividend Accelerator ETF by 1.5% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 84,719 shares of the company’s stock worth $4,501,000 after buying an additional 1,272 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its stake in shares of Victoryshares Dividend Accelerator ETF by 4.3% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 454,273 shares of the company’s stock worth $24,136,000 after acquiring an additional 18,645 shares during the period.

Victoryshares Dividend Accelerator ETF Price Performance

Shares of VSDA opened at $50.14 on Tuesday. The firm has a fifty day moving average price of $52.68 and a 200 day moving average price of $51.80. The stock has a market cap of $223.12 million, a PE ratio of 21.70 and a beta of 0.86. Victoryshares Dividend Accelerator ETF has a 1-year low of $46.50 and a 1-year high of $55.25.

Victoryshares Dividend Accelerator ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, January 8th were issued a $0.0576 dividend. The ex-dividend date was Wednesday, January 8th.

Victoryshares Dividend Accelerator ETF Company Profile

The VictoryShares Dividend Accelerator ETF (VSDA) is an exchange-traded fund that is based on the Nasdaq Victory Dividend Accelerator index. The fund tracks an index of dividend-paying US large- and mid-cap stocks with a high likelihood of future dividend growth. VSDA was launched on Apr 18, 2017 and is managed by VictoryShares.