VictoryShares US Large Cap High Div Volatility Wtd ETF (NASDAQ:CDL) Sees Large Growth in Short Interest

VictoryShares US Large Cap High Div Volatility Wtd ETF (NASDAQ:CDL) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,399 shares, a growth of 185.3% from the May 14th total of 841 shares. Based on an average trading volume of 7,594 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On VictoryShares US Large Cap High Div Volatility Wtd ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC bought a new stake in shares of VictoryShares US Large Cap High Div Volatility Wtd ETF during the 1st quarter valued at about $1,232,000. Integrated Wealth Concepts LLC raised its holdings in shares of VictoryShares US Large Cap High Div Volatility Wtd ETF by 46.8% during the fourth quarter. Integrated Wealth Concepts LLC now owns 34,695 shares of the company’s stock valued at $2,389,000 after acquiring an additional 11,056 shares during the period. Vicus Capital raised its holdings in shares of VictoryShares US Large Cap High Div Volatility Wtd ETF by 4.7% during the fourth quarter. Vicus Capital now owns 8,448 shares of the company’s stock valued at $582,000 after acquiring an additional 376 shares during the period. NewEdge Advisors LLC increased its stake in VictoryShares US Large Cap High Div Volatility Wtd ETF by 8,430.2% in the 3rd quarter. NewEdge Advisors LLC now owns 43,845 shares of the company’s stock valued at $3,051,000 after buying an additional 43,331 shares during the period. Finally, Western Wealth Management LLC increased its stake in shares of VictoryShares US Large Cap High Div Volatility Wtd ETF by 3.3% during the 3rd quarter. Western Wealth Management LLC now owns 5,122 shares of the company’s stock worth $356,000 after purchasing an additional 166 shares during the last quarter.

VictoryShares US Large Cap High Div Volatility Wtd ETF Stock Performance

Shares of CDL stock traded up $0.76 during mid-day trading on Friday, hitting $77.63. 6,426 shares of the stock were exchanged, compared to its average volume of 9,884. VictoryShares US Large Cap High Div Volatility Wtd ETF has a 12-month low of $65.34 and a 12-month high of $77.74. The stock has a market capitalization of $392.03 million, a price-to-earnings ratio of 15.49 and a beta of 0.62. The stock’s fifty day simple moving average is $75.62 and its two-hundred day simple moving average is $73.49.

VictoryShares US Large Cap High Div Volatility Wtd ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were paid a $0.2949 dividend. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, June 9th. This is an increase from VictoryShares US Large Cap High Div Volatility Wtd ETF’s previous monthly dividend of $0.22.

VictoryShares US Large Cap High Div Volatility Wtd ETF Company Profile

The VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of dividend-paying large-cap stocks, weighted by inverse volatility. CDL was launched on Jul 8, 2015 and is managed by VictoryShares.