VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) Sees Large Decline in Short Interest

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,391 shares, a drop of 79.0% from the July 15th total of 11,411 shares. Based on an average daily trading volume, of 13,506 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Stock Performance

VictoryShares US EQ Income Enhanced Volatility Wtd ETF stock traded up $0.13 during trading hours on Friday, reaching $77.78. 2,289 shares of the stock were exchanged, compared to its average volume of 16,964. The stock has a market cap of $754.47 million, a P/E ratio of -1,555.38 and a beta of 0.50. VictoryShares US EQ Income Enhanced Volatility Wtd ETF has a 52-week low of $64.30 and a 52-week high of $78.48. The firm’s 50 day moving average is $75.38 and its 200 day moving average is $73.19.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were issued a $0.1303 dividend. The ex-dividend date of this dividend was Friday, August 7th. VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s payout ratio is currently -4,699.34%.

Hedge Funds Weigh In On VictoryShares US EQ Income Enhanced Volatility Wtd ETF

Large investors have recently modified their holdings of the business. NewEdge Advisors LLC boosted its stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 116.2% in the third quarter. NewEdge Advisors LLC now owns 90,575 shares of the company’s stock valued at $6,045,000 after buying an additional 48,686 shares in the last quarter. Strategic Blueprint LLC raised its position in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 4.3% in the fourth quarter. Strategic Blueprint LLC now owns 59,806 shares of the company’s stock worth $3,941,000 after acquiring an additional 2,441 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 5.4% in the fourth quarter. Russell Investments Group Ltd. now owns 25,888 shares of the company’s stock valued at $1,706,000 after acquiring an additional 1,335 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the 4th quarter worth $949,000. Finally, Western Wealth Management LLC purchased a new stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the 4th quarter worth $845,000.

About VictoryShares US EQ Income Enhanced Volatility Wtd ETF

The VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of 100 high-yield stocks pulled from the largest 500 US stocks, with an earnings screen and volatility weighting. CDC was launched on Jul 2, 2014 and is managed by VictoryShares.