VictoryShares US 500 Volatility Wtd ETF (NASDAQ:CFA) Sees Significant Increase in Short Interest

VictoryShares US 500 Volatility Wtd ETF (NASDAQ:CFA) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 7,990 shares, an increase of 309.3% from the September 15th total of 1,952 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 5,888 shares, the short-interest ratio is currently 1.4 days.

VictoryShares US 500 Volatility Wtd ETF Stock Performance

CFA stock traded up $0.45 during midday trading on Friday, reaching $97.97. The stock had a trading volume of 55,758 shares, compared to its average volume of 7,162. The stock has a market cap of $514.32 million, a PE ratio of 20.50 and a beta of 0.86. The firm has a fifty day simple moving average of $99.61 and a two-hundred day simple moving average of $97.45. VictoryShares US 500 Volatility Wtd ETF has a 52-week low of $87.20 and a 52-week high of $103.11.

VictoryShares US 500 Volatility Wtd ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were paid a dividend of $0.1015 per share. This represents a $1.22 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, October 8th. This is a drop from VictoryShares US 500 Volatility Wtd ETF’s previous monthly dividend of $0.1606.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in shares of VictoryShares US 500 Volatility Wtd ETF by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 20,633 shares of the company’s stock worth $2,039,000 after purchasing an additional 460 shares during the period. Waverly Advisors LLC acquired a new position in VictoryShares US 500 Volatility Wtd ETF in the 2nd quarter worth approximately $429,000. TOP Private Wealth LLC. acquired a new position in VictoryShares US 500 Volatility Wtd ETF in the 2nd quarter worth approximately $58,000. First Bancorp Inc ME acquired a new position in VictoryShares US 500 Volatility Wtd ETF in the 2nd quarter worth approximately $123,000. Finally, Western Wealth Management LLC acquired a new position in VictoryShares US 500 Volatility Wtd ETF in the 1st quarter worth approximately $60,000.

About VictoryShares US 500 Volatility Wtd ETF

The VictoryShares US 500 Volatility Wtd ETF (CFA) 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. CFA was launched on Jul 2, 2014 and is managed by VictoryShares.