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

VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 432,600 shares, a decrease of 67.5% from the February 13th total of 1,330,000 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,270,700 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VFLO. LPL Financial LLC boosted its stake in shares of VictoryShares Free Cash Flow ETF by 185.2% in the 4th quarter. LPL Financial LLC now owns 4,114,921 shares of the company’s stock valued at $140,278,000 after buying an additional 2,672,029 shares during the period. Bank of America Corp DE lifted its stake in VictoryShares Free Cash Flow ETF by 109.8% in the fourth 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 during the last quarter. Victory Capital Management Inc. grew its holdings in VictoryShares Free Cash Flow ETF by 1.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,420,071 shares of the company’s stock worth $82,500,000 after acquiring an additional 30,092 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of VictoryShares Free Cash Flow ETF by 80.0% in the 4th 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 during the last quarter. Finally, Traphagen Investment Advisors LLC raised its holdings in shares of VictoryShares Free Cash Flow ETF by 2.7% in the 4th quarter. Traphagen Investment Advisors LLC now owns 1,659,799 shares of the company’s stock valued at $56,583,000 after purchasing an additional 42,885 shares in the last quarter.

VictoryShares Free Cash Flow ETF Stock Down 0.5 %

VictoryShares Free Cash Flow ETF stock opened at $33.86 on Thursday. The company’s 50 day moving average is $35.27 and its two-hundred day moving average is $34.52. The firm has a market cap of $2.10 billion, a PE ratio of 14.05 and a beta of 0.75. 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 announced a dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, March 10th were issued a $0.0638 dividend. The ex-dividend date was Monday, March 10th. This is a positive change from VictoryShares Free Cash Flow ETF’s previous dividend of $0.05.

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.