Short Interest in Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) Declines By 91.2%

Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 300 shares, a drop of 91.2% from the September 15th total of 3,400 shares. Based on an average daily trading volume, of 10,500 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Victoryshares Dividend Accelerator ETF

Several institutional investors have recently added to or reduced their stakes in VSDA. GPS Wealth Strategies Group LLC bought a new position in Victoryshares Dividend Accelerator ETF during the 2nd quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new stake in Victoryshares Dividend Accelerator ETF during the 4th quarter valued at $125,000. Thoroughbred Financial Services LLC grew its holdings in Victoryshares Dividend Accelerator ETF by 6.8% in the 1st quarter. Thoroughbred Financial Services LLC now owns 7,238 shares of the company’s stock worth $364,000 after acquiring an additional 461 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Victoryshares Dividend Accelerator ETF by 104.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 42,363 shares of the company’s stock valued at $2,047,000 after purchasing an additional 21,692 shares during the last quarter. Finally, DDD Partners LLC lifted its stake in Victoryshares Dividend Accelerator ETF by 3.2% in the second quarter. DDD Partners LLC now owns 87,924 shares of the company’s stock worth $4,248,000 after acquiring an additional 2,751 shares during the period.

Victoryshares Dividend Accelerator ETF Stock Performance

VSDA traded up $0.47 during trading on Friday, reaching $52.95. The stock had a trading volume of 11,193 shares, compared to its average volume of 14,891. The stock has a market cap of $264.73 million, a PE ratio of 21.70 and a beta of 0.86. The business has a 50-day moving average of $51.81 and a 200-day moving average of $50.00. Victoryshares Dividend Accelerator ETF has a one year low of $41.26 and a one year high of $53.46.

Victoryshares Dividend Accelerator ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, October 8th were issued a $0.1383 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.13%.

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.