VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sees Large Increase in Short Interest

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 369,761 shares, a growth of 130.3% from the June 15th total of 160,574 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 1,043,882 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ocean Park Asset Management LLC acquired a new stake in shares of VictoryShares Free Cash Flow ETF in the 2nd quarter valued at approximately $691,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of VictoryShares Free Cash Flow ETF by 0.9% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 55,246 shares of the company’s stock valued at $2,528,000 after buying an additional 490 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in VictoryShares Free Cash Flow ETF by 14.6% during the second quarter. Wealthcare Advisory Partners LLC now owns 57,365 shares of the company’s stock worth $2,624,000 after acquiring an additional 7,321 shares during the period. RVW Wealth LLC grew its holdings in VictoryShares Free Cash Flow ETF by 1.8% during the second quarter. RVW Wealth LLC now owns 1,018,265 shares of the company’s stock worth $46,586,000 after acquiring an additional 17,647 shares during the period. Finally, Mechanics Bank Trust Department grew its holdings in VictoryShares Free Cash Flow ETF by 13.8% during the second quarter. Mechanics Bank Trust Department now owns 87,002 shares of the company’s stock worth $3,980,000 after acquiring an additional 10,543 shares during the period.

VictoryShares Free Cash Flow ETF Stock Up 0.9%

VFLO opened at $47.84 on Tuesday. VictoryShares Free Cash Flow ETF has a 52 week low of $34.11 and a 52 week high of $48.24. The business has a 50 day moving average price of $45.33 and a two-hundred day moving average price of $41.93. The company has a market cap of $8.27 billion, a PE ratio of 13.70 and a beta of 0.85.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were paid a $0.0249 dividend. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, July 9th.

About VictoryShares Free Cash Flow ETF

The VictoryShares Free Cash Flow ETF (VFLO) is an exchange-traded fund that is based on the Victory US Large Cap Free Cash Flow index. The fund tracks an index composed of the largest U.S. companies based on profit that are perceived to have strong free cash flow yields and high growth metrics VFLO was launched on Jun 21, 2023 and is managed by VictoryShares.