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

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 2,602 shares, a decrease of 75.2% from the May 14th total of 10,479 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 8,704 shares, the days-to-cover ratio is presently 0.3 days.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Price Performance

NASDAQ CDC opened at $73.10 on Wednesday. The company has a 50 day simple moving average of $72.31 and a 200-day simple moving average of $70.27. The firm has a market capitalization of $731 million, a price-to-earnings ratio of -1,461.80 and a beta of 0.51. VictoryShares US EQ Income Enhanced Volatility Wtd ETF has a 52-week low of $62.65 and a 52-week high of $74.07.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th will be issued a $0.2827 dividend. This is an increase from VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s previous dividend of $0.25. The ex-dividend date is Tuesday, June 9th. VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s dividend payout ratio is currently -4,579.36%.

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

A number of institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. grew its stake in shares of 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 worth $1,706,000 after acquiring an additional 1,335 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF in the fourth quarter valued at about $949,000. Western Wealth Management LLC acquired a new stake in VictoryShares US EQ Income Enhanced Volatility Wtd ETF in the fourth quarter worth about $845,000. Strategic Blueprint LLC increased 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 purchasing an additional 2,441 shares during the period. Finally, NewEdge Advisors LLC increased its position in 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 worth $6,045,000 after purchasing an additional 48,686 shares during the period.

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.