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

VictoryShares US 500 Enhanced Volatility Wtd ETF (NASDAQ:CFO) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 919 shares, a decrease of 45.4% from the April 15th total of 1,684 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,389 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of VictoryShares US 500 Enhanced Volatility Wtd ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in shares of VictoryShares US 500 Enhanced Volatility Wtd ETF by 4.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,862 shares of the company’s stock valued at $950,000 after purchasing an additional 507 shares during the period. Wells Fargo & Company MN boosted its stake in shares of VictoryShares US 500 Enhanced Volatility Wtd ETF by 0.7% during the fourth quarter. Wells Fargo & Company MN now owns 96,776 shares of the company’s stock valued at $7,146,000 after purchasing an additional 699 shares during the period. Stifel Financial Corp boosted its stake in shares of VictoryShares US 500 Enhanced Volatility Wtd ETF by 0.4% during the fourth quarter. Stifel Financial Corp now owns 169,304 shares of the company’s stock valued at $12,502,000 after purchasing an additional 699 shares during the period. Intrua Financial LLC boosted its stake in shares of VictoryShares US 500 Enhanced Volatility Wtd ETF by 1.6% during the third quarter. Intrua Financial LLC now owns 60,335 shares of the company’s stock valued at $4,452,000 after purchasing an additional 931 shares during the period. Finally, Clearstead Advisors LLC boosted its stake in shares of VictoryShares US 500 Enhanced Volatility Wtd ETF by 2.4% during the third quarter. Clearstead Advisors LLC now owns 56,650 shares of the company’s stock valued at $4,180,000 after purchasing an additional 1,317 shares during the period.

VictoryShares US 500 Enhanced Volatility Wtd ETF Stock Performance

CFO traded up $0.39 during midday trading on Monday, hitting $76.73. The stock had a trading volume of 257 shares, compared to its average volume of 7,400. The company has a market cap of $402.83 million, a P/E ratio of 20.50 and a beta of 0.64. The business has a fifty day moving average of $75.84 and a 200 day moving average of $75.29. VictoryShares US 500 Enhanced Volatility Wtd ETF has a 1 year low of $68.21 and a 1 year high of $78.74.

VictoryShares US 500 Enhanced Volatility Wtd ETF Cuts Dividend

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

About VictoryShares US 500 Enhanced Volatility Wtd ETF

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.