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 February. As of February 28th, there was short interest totalling 8,500 shares, a decline of 15.0% from the February 13th total of 10,000 shares. Based on an average daily volume of 29,200 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Victoryshares Dividend Accelerator ETF Stock Performance

Shares of NASDAQ:VSDA opened at $51.45 on Thursday. The stock’s 50-day moving average is $51.77 and its 200-day moving average is $52.38. The company has a market cap of $244.39 million, a P/E ratio of 18.20 and a beta of 0.86. Victoryshares Dividend Accelerator ETF has a 52-week low of $47.43 and a 52-week high of $55.25.

Victoryshares Dividend Accelerator ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, March 10th were paid a $0.1081 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Victoryshares Dividend Accelerator ETF’s previous dividend of $0.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC bought a new stake in Victoryshares Dividend Accelerator ETF in the 4th quarter valued at $521,000. Cetera Investment Advisers lifted its stake in Victoryshares Dividend Accelerator ETF by 2.8% during the fourth quarter. Cetera Investment Advisers now owns 17,567 shares of the company’s stock worth $893,000 after purchasing an additional 483 shares during the period. Keystone Financial Group acquired a new stake in Victoryshares Dividend Accelerator ETF during the fourth quarter valued at approximately $1,077,000. Jane Street Group LLC raised its holdings in shares of Victoryshares Dividend Accelerator ETF by 9.6% in the 4th quarter. Jane Street Group LLC now owns 26,632 shares of the company’s stock worth $1,354,000 after buying an additional 2,341 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Victoryshares Dividend Accelerator ETF during the 4th quarter worth approximately $2,088,000.

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.