VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Short Interest Down 51.8% in April

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 224,776 shares, a drop of 51.8% from the April 15th total of 466,521 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 800,342 shares, the short-interest ratio is presently 0.3 days.

VictoryShares Free Cash Flow ETF Stock Performance

Shares of NASDAQ VFLO opened at $42.70 on Friday. The company has a market cap of $6.78 billion, a PE ratio of 13.70 and a beta of 0.80. The business has a 50-day simple moving average of $40.72 and a two-hundred day simple moving average of $39.79. VictoryShares Free Cash Flow ETF has a fifty-two week low of $33.34 and a fifty-two week high of $43.78.

VictoryShares Free Cash Flow ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were given a dividend of $0.0134 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 0.4%.

Hedge Funds Weigh In On VictoryShares Free Cash Flow ETF

Several hedge funds and other institutional investors have recently bought and sold shares of VFLO. Bank of America Corp DE raised its holdings in shares of VictoryShares Free Cash Flow ETF by 7.2% during the third quarter. Bank of America Corp DE now owns 13,531,911 shares of the company’s stock worth $507,447,000 after purchasing an additional 912,446 shares during the last quarter. LPL Financial LLC grew its stake in VictoryShares Free Cash Flow ETF by 11.3% in the 4th quarter. LPL Financial LLC now owns 12,280,049 shares of the company’s stock valued at $483,588,000 after acquiring an additional 1,249,407 shares during the period. Morgan Stanley grew its position in shares of VictoryShares Free Cash Flow ETF by 22.1% in the fourth quarter. Morgan Stanley now owns 11,931,199 shares of the company’s stock valued at $469,851,000 after purchasing an additional 2,158,181 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of VictoryShares Free Cash Flow ETF by 9.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,399,957 shares of the company’s stock worth $291,410,000 after purchasing an additional 659,124 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in VictoryShares Free Cash Flow ETF by 17.4% during the 4th quarter. Wells Fargo & Company MN now owns 6,226,521 shares of the company’s stock worth $245,200,000 after buying an additional 921,401 shares in the last quarter.

VictoryShares Free Cash Flow ETF Company Profile

The VictoryShares Free Cash Flow ETF (VFLO) is an exchange-traded fund that is based on the Victory US Large Cap Free Cash Flow index. The fund tracks an index composed of the largest U.S. companies based on profit that are perceived to have strong free cash flow yields and high growth metrics VFLO was launched on Jun 21, 2023 and is managed by VictoryShares.