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

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDCGet Free Report) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 10,479 shares, a decline of 63.7% from the April 30th total of 28,854 shares. Based on an average daily trading volume, of 10,435 shares, the short-interest ratio is currently 1.0 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of VictoryShares US EQ Income Enhanced Volatility Wtd ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the second quarter worth about $703,000. Western Wealth Management LLC acquired a new position in VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the fourth quarter worth $845,000. Zions Bancorporation National Association UT purchased a new position in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the fourth quarter valued at approximately $949,000. Strategic Blueprint LLC raised its holdings in shares of 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 valued at $3,941,000 after purchasing an additional 2,441 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 116.2% in the 3rd quarter. NewEdge Advisors LLC now owns 90,575 shares of the company’s stock worth $6,045,000 after buying an additional 48,686 shares during the last quarter.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Stock Performance

Shares of NASDAQ CDC traded down $0.22 during trading hours on Friday, reaching $72.77. 5,348 shares of the stock were exchanged, compared to its average volume of 16,545. VictoryShares US EQ Income Enhanced Volatility Wtd ETF has a 52 week low of $62.11 and a 52 week high of $74.07. The firm has a market capitalization of $727.70 million, a price-to-earnings ratio of -1,455.20 and a beta of 0.52. The stock’s fifty day simple moving average is $71.99 and its 200 day simple moving average is $69.91.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were given a dividend of $0.1074 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a c) dividend on an annualized basis and a yield of 1.8%. VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s dividend payout ratio is currently -4,579.36%.

About VictoryShares US EQ Income Enhanced Volatility Wtd ETF

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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.

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