Short Interest in Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) Declines By 87.5%

Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 1,400 shares, a decrease of 87.5% from the December 31st total of 11,200 shares. Based on an average daily trading volume, of 31,700 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Victoryshares Dividend Accelerator ETF

Hedge funds have recently added to or reduced their stakes in the business. Gladstone Institutional Advisory LLC lifted its holdings in shares of Victoryshares Dividend Accelerator ETF by 1.5% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 85,959 shares of the company’s stock worth $4,369,000 after acquiring an additional 1,240 shares during the period. Great Valley Advisor Group Inc. grew 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 valued at $19,331,000 after buying an additional 26,101 shares during the period. Investors Research Corp increased its holdings 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 buying an additional 16,107 shares during the last quarter. Pinnacle Financial Partners Inc raised its position in shares of Victoryshares Dividend Accelerator ETF by 4.3% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 454,273 shares of the company’s stock worth $24,136,000 after buying an additional 18,645 shares during the period. Finally, Integrated Advisors Network LLC raised its position in shares of Victoryshares Dividend Accelerator ETF by 28.2% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,472 shares of the company’s stock worth $291,000 after buying an additional 1,203 shares during the period.

Victoryshares Dividend Accelerator ETF Price Performance

VSDA stock traded up $0.33 during midday trading on Thursday, hitting $52.62. The stock had a trading volume of 28,408 shares, compared to its average volume of 52,904. The company’s 50-day moving average price is $52.31 and its 200 day moving average price is $52.07. The firm has a market cap of $257.86 million, a PE ratio of 21.70 and a beta of 0.86. Victoryshares Dividend Accelerator ETF has a 12-month low of $46.94 and a 12-month high of $55.25.

Victoryshares Dividend Accelerator ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, January 8th were paid a $0.0576 dividend. The ex-dividend date was Wednesday, January 8th.

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.