Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) Sees Significant Decline in Short Interest

Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 100 shares, a decline of 75.0% from the October 15th total of 400 shares. Based on an average daily volume of 13,600 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Victoryshares Dividend Accelerator ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Victoryshares Dividend Accelerator ETF by 98.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 118,768 shares of the company’s stock worth $5,738,000 after purchasing an additional 58,798 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in shares of Victoryshares Dividend Accelerator ETF by 7.7% in the third quarter. Great Valley Advisor Group Inc. now owns 363,836 shares of the company’s stock valued at $19,331,000 after buying an additional 26,101 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Victoryshares Dividend Accelerator ETF by 104.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 42,363 shares of the company’s stock worth $2,047,000 after acquiring an additional 21,692 shares in the last quarter. Pinnacle Financial Partners Inc raised its holdings in shares of Victoryshares Dividend Accelerator ETF by 4.3% during the third 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. Finally, Investors Research Corp lifted its position in Victoryshares Dividend Accelerator ETF by 8.0% in the 3rd quarter. Investors Research Corp now owns 217,225 shares of the company’s stock valued at $11,541,000 after acquiring an additional 16,107 shares in the last quarter.

Victoryshares Dividend Accelerator ETF Stock Down 0.4 %

Shares of VSDA stock opened at $53.52 on Wednesday. The firm has a market cap of $264.92 million, a price-to-earnings ratio of 21.70 and a beta of 0.86. The stock has a 50-day moving average price of $52.65 and a 200 day moving average price of $50.61. Victoryshares Dividend Accelerator ETF has a 12 month low of $43.00 and a 12 month high of $53.99.

Victoryshares Dividend Accelerator ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 8th. Investors of record on Thursday, November 7th were paid a dividend of $0.0307 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.69%.

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.