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

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 400 shares, a decline of 42.9% from the December 31st total of 700 shares. Based on an average daily trading volume, of 12,900 shares, the short-interest ratio is presently 0.0 days.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

VSMV traded down $0.02 on Thursday, reaching $49.38. The company had a trading volume of 5,325 shares, compared to its average volume of 10,210. The company’s fifty day moving average is $49.12 and its 200 day moving average is $48.30. The stock has a market cap of $113.57 million, a P/E ratio of 18.68 and a beta of 0.79. VictoryShares US Multi-Factor Minimum Volatility ETF has a fifty-two week low of $42.82 and a fifty-two week high of $50.71.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, January 8th were issued a dividend of $0.0116 per share. The ex-dividend date of this dividend was Wednesday, January 8th.

Institutional Trading of VictoryShares US Multi-Factor Minimum Volatility ETF

An institutional investor recently raised its position in VictoryShares US Multi-Factor Minimum Volatility ETF stock. Lindenwold Advisors INC grew its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,548 shares of the company’s stock after acquiring an additional 275 shares during the quarter. Lindenwold Advisors INC owned 0.21% of VictoryShares US Multi-Factor Minimum Volatility ETF worth $270,000 as of its most recent SEC filing.

VictoryShares US Multi-Factor Minimum Volatility ETF Company Profile

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.