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

Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 7,200 shares, an increase of 414.3% from the January 15th total of 1,400 shares. Based on an average daily volume of 31,800 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Victoryshares Dividend Accelerator ETF

Hedge funds have recently added to or reduced their stakes in the company. DDD Partners LLC increased its holdings in shares of Victoryshares Dividend Accelerator ETF by 100.7% in the 4th quarter. DDD Partners LLC now owns 186,195 shares of the company’s stock valued at $9,464,000 after acquiring an additional 93,402 shares during the period. Raymond James Financial Inc. purchased a new position in Victoryshares Dividend Accelerator ETF in the 4th quarter valued at $2,088,000. Great Valley Advisor Group Inc. boosted its position in shares of Victoryshares Dividend Accelerator ETF by 7.7% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 363,836 shares of the company’s stock worth $19,331,000 after purchasing an additional 26,101 shares in the last quarter. Pinnacle Financial Partners Inc boosted its position in shares of Victoryshares Dividend Accelerator ETF by 4.3% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 454,273 shares of the company’s stock worth $24,136,000 after purchasing an additional 18,645 shares in the last quarter. Finally, Investors Research Corp boosted its position in shares of Victoryshares Dividend Accelerator ETF by 8.0% during the 3rd quarter. Investors Research Corp now owns 217,225 shares of the company’s stock worth $11,541,000 after purchasing an additional 16,107 shares in the last quarter.

Victoryshares Dividend Accelerator ETF Price Performance

Shares of NASDAQ VSDA traded down $0.64 during midday trading on Wednesday, hitting $51.37. The company’s stock had a trading volume of 578 shares, compared to its average volume of 41,053. The business’s fifty day simple moving average is $51.86 and its two-hundred day simple moving average is $52.20. Victoryshares Dividend Accelerator ETF has a 1 year low of $46.94 and a 1 year high of $55.25. The firm has a market capitalization of $243.98 million, a price-to-earnings ratio of 21.70 and a beta of 0.86.

Victoryshares Dividend Accelerator ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, February 10th. Investors of record on Friday, February 7th were issued a $0.032 dividend. The ex-dividend date was Friday, February 7th.

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.