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

Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) was the target of a large increase in short interest in 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 currently 0.2 days.

Institutional Trading of Victoryshares Dividend Accelerator ETF

A number of institutional investors have recently made changes to their positions in VSDA. DDD Partners LLC lifted its stake in Victoryshares Dividend Accelerator ETF by 100.7% during the fourth quarter. DDD Partners LLC now owns 186,195 shares of the company’s stock valued at $9,464,000 after purchasing an additional 93,402 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Victoryshares Dividend Accelerator ETF in the 4th quarter valued at approximately $2,088,000. Great Valley Advisor Group Inc. increased its stake 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 during the last quarter. Pinnacle Financial Partners Inc increased its stake 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 during the last quarter. Finally, Investors Research Corp increased its stake 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 during the last quarter.

Victoryshares Dividend Accelerator ETF Price Performance

Shares of NASDAQ:VSDA traded down $0.64 during trading on Wednesday, reaching $51.37. 578 shares of the company’s stock traded hands, compared to its average volume of 41,053. Victoryshares Dividend Accelerator ETF has a 12 month low of $46.94 and a 12 month high of $55.25. The company has a 50 day moving average of $51.86 and a 200-day moving average of $52.20. The stock has a market capitalization of $243.98 million, a P/E ratio of 21.70 and a beta of 0.86.

Victoryshares Dividend Accelerator ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, February 7th were paid a $0.032 dividend. The ex-dividend date of this dividend was Friday, February 7th.

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.