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

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 277 shares, a drop of 71.1% from the August 15th total of 960 shares. Based on an average daily trading volume, of 9,818 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Price Performance

Shares of CDC stock traded up $0.17 during trading hours on Monday, reaching $75.59. 4,092 shares of the company traded hands, compared to its average volume of 16,136. The firm has a 50-day moving average price of $76.56 and a 200 day moving average price of $73.95. The company has a market cap of $733.26 million, a P/E ratio of -1,511.67 and a beta of 0.50. VictoryShares US EQ Income Enhanced Volatility Wtd ETF has a 12-month low of $64.30 and a 12-month high of $78.48.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were issued a dividend of $0.269 per share. This is an increase from VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Wednesday, September 9th. VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s payout ratio is presently -4,739.34%.

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

A number of hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 5.4% in the 4th quarter. Russell Investments Group Ltd. now owns 25,888 shares of the company’s stock worth $1,706,000 after acquiring an additional 1,335 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the 4th quarter valued at approximately $845,000. Zions Bancorporation National Association UT purchased a new position in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF in the fourth quarter valued at $949,000. Finally, NewEdge Advisors LLC grew its holdings 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 purchasing an additional 48,686 shares in the last quarter.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Company Profile

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.