VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) Sees Large Decrease in Short Interest

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 283,900 shares, a drop of 34.4% from the February 28th total of 432,600 shares. Based on an average daily trading volume, of 1,356,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

VictoryShares Free Cash Flow ETF Stock Performance

VFLO opened at $34.10 on Friday. The stock has a market capitalization of $2.12 billion, a PE ratio of 14.26 and a beta of 0.75. The stock’s 50 day moving average price is $35.20 and its 200-day moving average price is $34.67. VictoryShares Free Cash Flow ETF has a 52-week low of $30.19 and a 52-week high of $37.04.

VictoryShares Free Cash Flow ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, March 10th were issued a $0.0638 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from VictoryShares Free Cash Flow ETF’s previous dividend of $0.05.

Institutional Investors Weigh In On VictoryShares Free Cash Flow ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC lifted its holdings in VictoryShares Free Cash Flow ETF by 185.2% in the fourth quarter. LPL Financial LLC now owns 4,114,921 shares of the company’s stock worth $140,278,000 after buying an additional 2,672,029 shares during the period. Bank of America Corp DE raised its position in shares of VictoryShares Free Cash Flow ETF by 109.8% in the 4th quarter. Bank of America Corp DE now owns 4,019,954 shares of the company’s stock worth $137,040,000 after acquiring an additional 2,103,541 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of VictoryShares Free Cash Flow ETF in the 4th quarter valued at approximately $36,524,000. Envestnet Asset Management Inc. boosted its position in shares of VictoryShares Free Cash Flow ETF by 80.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,871,045 shares of the company’s stock valued at $63,784,000 after purchasing an additional 831,712 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in VictoryShares Free Cash Flow ETF in the third quarter worth $26,671,000.

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.