VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) Short Interest Update
by Doug Wharley · The Cerbat GemVictoryShares Dividend Accelerator ETF (NASDAQ:VSDA – Get Free Report) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 15,405 shares, a decline of 36.7% from the April 15th total of 24,354 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 8,222 shares, the days-to-cover ratio is presently 1.9 days.
Institutional Trading of VictoryShares Dividend Accelerator ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSDA. Cetera Investment Advisers increased its position in VictoryShares Dividend Accelerator ETF by 260.6% in the 4th quarter. Cetera Investment Advisers now owns 61,370 shares of the company’s stock valued at $3,239,000 after buying an additional 44,350 shares in the last quarter. Pinnacle Financial Partners Inc. increased its position in VictoryShares Dividend Accelerator ETF by 6.3% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 529,031 shares of the company’s stock valued at $28,287,000 after buying an additional 31,161 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in VictoryShares Dividend Accelerator ETF by 144.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 42,906 shares of the company’s stock valued at $2,265,000 after buying an additional 25,341 shares in the last quarter. Investors Research Corp increased its stake in VictoryShares Dividend Accelerator ETF by 3.7% during the 4th quarter. Investors Research Corp now owns 294,790 shares of the company’s stock valued at $15,559,000 after purchasing an additional 10,433 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in VictoryShares Dividend Accelerator ETF by 22.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 41,588 shares of the company’s stock valued at $2,149,000 after purchasing an additional 7,718 shares in the last quarter.
VictoryShares Dividend Accelerator ETF Price Performance
Shares of NASDAQ:VSDA traded up $0.39 during mid-day trading on Monday, hitting $54.79. The company had a trading volume of 1,107 shares, compared to its average volume of 11,075. The firm has a fifty day moving average price of $55.04 and a 200 day moving average price of $54.71. The company has a market capitalization of $230.12 million, a PE ratio of 18.24 and a beta of 0.81. VictoryShares Dividend Accelerator ETF has a one year low of $49.96 and a one year high of $59.18.
VictoryShares Dividend Accelerator ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were given a $0.0702 dividend. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 8th.
About VictoryShares Dividend Accelerator ETF
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.