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 15th, there was short interest totalling 11,200 shares, an increase of 148.9% from the December 31st total of 4,500 shares. Based on an average daily volume of 20,900 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its position in Victoryshares Dividend Accelerator ETF by 98.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 118,768 shares of the company’s stock valued at $5,738,000 after purchasing an additional 58,798 shares in the last quarter. Great Valley Advisor Group Inc. lifted its stake in 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 worth $19,331,000 after acquiring an additional 26,101 shares during the last quarter. Pinnacle Financial Partners Inc grew its holdings in 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 acquiring an additional 18,645 shares in the last quarter. Investors Research Corp increased its position in shares of 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 purchasing an additional 16,107 shares during the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Victoryshares Dividend Accelerator ETF in the 3rd quarter valued at $216,000.

Victoryshares Dividend Accelerator ETF Price Performance

Shares of VSDA stock traded up $0.33 during trading on Thursday, reaching $52.62. The company’s stock had a trading volume of 28,408 shares, compared to its average volume of 52,904. The company has a market capitalization of $257.86 million, a price-to-earnings ratio of 21.70 and a beta of 0.86. Victoryshares Dividend Accelerator ETF has a 1-year low of $46.94 and a 1-year high of $55.25. The stock’s 50-day moving average price is $52.31 and its 200 day moving average price is $52.07.

Victoryshares Dividend Accelerator ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, January 8th were paid a $0.0576 dividend. The ex-dividend date of this dividend was Wednesday, January 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.