VictoryShares US 500 Enhanced Volatility Wtd ETF (NASDAQ:CFO) Sees Large Increase in Short Interest

VictoryShares US 500 Enhanced Volatility Wtd ETF (NASDAQ:CFO) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,069 shares, an increase of 125.1% from the April 30th total of 919 shares. Based on an average daily volume of 5,324 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

VictoryShares US 500 Enhanced Volatility Wtd ETF Stock Performance

Shares of NASDAQ CFO traded up $0.12 during midday trading on Friday, hitting $78.22. The company’s stock had a trading volume of 2,163 shares, compared to its average volume of 7,165. The firm has a market cap of $410.66 million, a P/E ratio of 20.50 and a beta of 0.64. VictoryShares US 500 Enhanced Volatility Wtd ETF has a 1-year low of $68.68 and a 1-year high of $78.74. The firm’s fifty day moving average price is $76.32 and its 200-day moving average price is $75.61.

VictoryShares US 500 Enhanced Volatility Wtd ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were issued a $0.0302 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a c) annualized dividend and a dividend yield of 0.5%.

Hedge Funds Weigh In On VictoryShares US 500 Enhanced Volatility Wtd ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC bought a new stake in VictoryShares US 500 Enhanced Volatility Wtd ETF during the 2nd quarter valued at $406,000. Western Wealth Management LLC acquired a new stake in VictoryShares US 500 Enhanced Volatility Wtd ETF in the third quarter worth about $204,000. Clearstead Advisors LLC increased its stake in VictoryShares US 500 Enhanced Volatility Wtd ETF by 2.4% during the 3rd quarter. Clearstead Advisors LLC now owns 56,650 shares of the company’s stock valued at $4,180,000 after buying an additional 1,317 shares during the period. Raymond James Financial Inc. raised its position in shares of VictoryShares US 500 Enhanced Volatility Wtd ETF by 4.7% during the 3rd quarter. Raymond James Financial Inc. now owns 418,326 shares of the company’s stock worth $30,868,000 after buying an additional 18,712 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of VictoryShares US 500 Enhanced Volatility Wtd ETF by 194.6% in the 3rd quarter. NewEdge Advisors LLC now owns 59,130 shares of the company’s stock worth $4,363,000 after acquiring an additional 39,058 shares during the period.

VictoryShares US 500 Enhanced Volatility Wtd ETF Company Profile

The VictoryShares US 500 Enhanced Volatility Wtd ETF (CFO) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of the largest US stocks by market cap, screened for positive earnings and weighted by volatility. The fund can move to 75% cash maximum in market downturns. CFO was launched on Jul 2, 2014 and is managed by VictoryShares.