VictoryShares WestEnd US Sector ETF (NASDAQ:MODL) Short Interest Update
by Teresa Graham · The Cerbat GemVictoryShares WestEnd US Sector ETF (NASDAQ:MODL – Get Free Report) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 20,932 shares, an increase of 145.1% from the March 15th total of 8,539 shares. Based on an average daily trading volume, of 59,739 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.
Institutional Investors Weigh In On VictoryShares WestEnd US Sector ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new stake in VictoryShares WestEnd US Sector ETF in the fourth quarter valued at about $38,000. GoalVest Advisory LLC raised its stake in shares of VictoryShares WestEnd US Sector ETF by 666.7% in the third quarter. GoalVest Advisory LLC now owns 1,196 shares of the company’s stock worth $55,000 after purchasing an additional 1,040 shares during the last quarter. Allworth Financial LP purchased a new position in shares of VictoryShares WestEnd US Sector ETF in the third quarter worth about $78,000. Capital Analysts LLC purchased a new position in shares of VictoryShares WestEnd US Sector ETF in the fourth quarter worth about $126,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of VictoryShares WestEnd US Sector ETF in the third quarter worth about $184,000. 29.49% of the stock is currently owned by hedge funds and other institutional investors.
VictoryShares WestEnd US Sector ETF Price Performance
VictoryShares WestEnd US Sector ETF stock traded up $0.42 during midday trading on Monday, reaching $46.87. The company’s stock had a trading volume of 554,361 shares, compared to its average volume of 110,110. The stock’s 50-day simple moving average is $46.27 and its 200-day simple moving average is $46.86. VictoryShares WestEnd US Sector ETF has a 52-week low of $35.47 and a 52-week high of $48.23. The stock has a market capitalization of $842.72 million, a P/E ratio of 52.66 and a beta of 0.94.
VictoryShares WestEnd US Sector ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 9th were paid a $0.0371 dividend. The ex-dividend date was Thursday, April 9th. This represents a c) dividend on an annualized basis and a yield of 1.0%. VictoryShares WestEnd US Sector ETF’s dividend payout ratio (DPR) is 38.20%.
VictoryShares WestEnd US Sector ETF Company Profile
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.